SpaceTech VCLink’s Post

It’s inspiring to see #Startups like Cofactr rising to meet these unique challenges. This investment marks a major step in supporting regulated industries with smarter, more compliant #SupplyChain #Solutions. #Aerospace #StartupFunding #LogisticsTech #DefenseIndustry #SeriesA #Innovation #HighCompliance #SpaceTech https://lnkd.in/gR9pEf6S

Class 8, formerly known as FleetOps, has raised $22 million in Series A funding led by Xplorer Capital, with participation from Commerce Ventures, Inspired Capital, and Resolute Ventures. The company aims to revolutionize the trucking industry by leveraging OEM-driven insights to provide carriers and drivers with clarity, control, and profitability. By integrating advanced AI with OEM data, Class8 offers tools such as Dispatch Optimization and Load Optimization to enhance fleet operations and make trucks more adaptable and profitable. This funding will enable the company to further develop its innovative solutions, ultimately benefiting carriers and drivers in an ever-changing industry. Discover Class 8, the innovative platform designed to streamline truck load optimization and routing without requiring installation. Their solution focuses on enhancing the efficiency of fleets while providing carrier-centric solutions in an ever-changing industry. As a result, trucks become more profitable assets with Original Equipment Manufacturer (OEM) integration and AI-powered logistics. By leveraging OEM data and advanced AI, Class 8 offers key features such as Dispatch Optimization and Load Optimization, which ensure that trucks remain agile and profitable amidst market fluctuations. Factacy.ai Congratulates and wishes them well. #innovation #management #digitalmarketing #technology #creativity #futurism #startups

Several startups in the logistics and supply chain sector made headlines in the past few weeks🗞️. Congratulations to the following champions for closing their funding rounds!📦✨ ❄️ Chicago-based Coldcart, a platform optimizing frozen and refrigerated parcel logistics, has raised $6.5M in seed funding to enhance its network and increase operational efficiencies. 📦 Alvys, a logistics operating platform from the US aiming to become the global standard for supply chain management, has raised $20.5 million in Series A funding led by Titanium Ventures. 🙌 Northbound, who is developing a container logistics platform, secured $1.4M in pre-seed funding to expand its product development. We are so excited to be on board with Schenker Ventures! 🚚Soff (YC S24) is automating manufacturing supply chains and just came out of stealth, announcing €500k in funding as part of the Y Combinator batch this summer. 🚤 Amsterdam-based Roboat has raised €550k in funding to advance its fully autonomous boats, aimed at transforming inland waterway transport and reducing urban congestion. 🍏 forward earth, a German startup, secures €3.2M to lead AI-Driven supply chain decarbonization. The company’s AI-powered software solutions empower businesses to comply with environmental regulations and drive sustainability across their supply chains. 🔋Molten Industries Raises $25M Series A to Produce Clean Graphite and Hydrogen and Onshore Battery Supply Chains. The Oakland-based startup positions itself as a leading producer of graphite for lithium-ion batteries and clean hydrogen. 🚛 OTO, a Saudi-based logistics platform, has raised $8 million in Series A funding. The company aims to enhance its logistics services with advanced technology to optimize freight movement and improve supply chain efficiency. Who did we miss? If you have a logtech company in mind that we should add to our watchlist, please tag them in the comments 💕 #FundingRadar #Lovinglogtech #schenkerventures

Supply Chain News of the Day: There were few bright spots in supply chain tech dealmaking over the past quarter. Startups raised $2.3 billion across 126 deals in Q3, which marks a QoQ decline of 15.4%. Major deals included Mytra Series B $50m, Yodel $109m, Altana Series C $221m and Pyka $40m. There were also 11 acquisitions, 1 public listing and 5 buyouts reported during the quarter.

In this week's Startup Spotlight, learn how Pipedream is leveraging underground delivery to change the face of #logisitics and #lastmiledelivery. https://lnkd.in/en7QF-ms

synthavo, a Stuttgart-based startup focused on the spare parts and after-sales service space, has secured a €4 million seed investment to expand their team and further develop their AI-powered platform 🇩🇪 🔩 Sebastian Stöcklmeier, CEO of Synthavo: “Procurement and management of spare parts remain highly manual and time-consuming in manufacturing today. Our AI technology unlocks efficiency and growth potential for the machinery industry, enabling manufacturers to independently, quickly, and accurately order spare parts around the clock. This innovation strengthens customer loyalty, drives part sales, and boosts technician efficiency, marking a game-changing advancement for the industrial sector.” The funding round was co-led by Samaipata, the pan-European venture capital fund specializing in digital businesses with network effects, and Senovo, who back European B2B software founders with US ambitions. It also included participation from active business angels such as Rainer Hundsdörfer, Tobias Rieker (Market-Pilot) and Oliver Bendig. https://lnkd.in/dfdejHFZ

Excited to announce my investment in Invendor, a groundbreaking startup that's set to transform the industrial supply chain landscape. 🔥 Invendor is revolutionizing the industry with their #AI-enabled self-checkout software and hardware solutions tailored for industrial distributors. Their innovative product features cost-efficient lockers and AI-based inventory algorithms, which significantly speed up inventory processes. With the ability to support multiple distributors, Invendor is creating a seamless self-checkout experience that addresses inefficiencies faced by approximately 80,000 distributors worldwide. The potential impact on the $17.7 billion market is enormous, and I'm thrilled to be a part of this journey. 🚀 Beyond my investment, I've been working closely with Invendor to help them scale their product efficiently. With their vision and our combined efforts, we’ve already made significant strides in optimizing their solutions and laying the foundation for global scale. 📈 It’s an exciting time for industrial supply chains, and I’m eager to continue contributing to Invendor’s journey as they revolutionize the industry. #startups #innovation #AI #supplychain #logistics #venturecapital

Hey logistics and supply chain enthusiasts! We’re excited to bring you the latest edition of our funding radar series, spotlighting early-stage funding rounds in the logistics and supply chain sector. Check it out!📦✨ In the past few weeks, the following logtech stars made headlines🗞️: ❄️Outrider, a leader in autonomous yard operations for logistics hubs, raised $62 million in a Series D funding round led by Disruptive Technologies (KDT) and New Enterprise Associates (NEA). 📦 Nexobot Pty Ltd, a robotics startup focused on affordable warehouse automation, raised $400,000 in pre-seed funding led by Antler to deliver an affordable solution for order fulfillment in smaller warehouses. 🚤Robotics startup Third Wave Automation, based in California, has raised $27 million in a Series C round Woven Capital, Toyota’s growth fund, to advance its autonomous high-reach forklifts and shared autonomy tech. 🍏  South Africa-based Pargo raised $4 million to expand its e-commerce logistics service into Egypt, broaden its service offerings and expand its logistics network. 🚀Elixia Inc, a logistics automation startup founded in 2022, announced $1 million in pre-Series A funding led by JITO Incubation to expand its operations in the Middle East with AI-driven logistics solutions.   🚚 Sustainable last mile delivery provider Fin - sustainable logistics based in London, announced $7 million in seed funding to expand its operations to the US, launching in New York City in early 2025.   Congratulations to the above champions for closing their rounds! We will be sharing the funding radar on a monthly basis. Give us a follow if you want to stay up to date.  If you have a logtech company in mind that we should add to our watchlist, please tag them in the comments <3 #FundingRadar #Lovinglogtech #schenkerventures

MatchLog Solutions Pvt. Ltd. Solutions Raises $1.5M in Pre-Series A Round! We are thrilled to announce that MatchLog Solutions, a trailblazer in sustainable container logistics and supply chain optimization, has secured $1.5 million in its pre-series A funding round! This funding, led by Motion Ventures and July Ventures and with additional support from Venture Catalysts++ | India's 1st Multi-Stage VC, Blue Ashva Capital, and Capital-A (Manjushree Capital Advisors) A, marks a significant milestone for MatchLog's mission to revolutionize container logistics. Earlier in 2022, MatchLog had raised $3 million from key investors Blue Ashva Capital, Rainmatter Climate Technologies, and Capital-A (Manjushree Capital Advisors)-A. This funding will be instrumental in advancing sustainability and carbon efficiency within container logistics. MatchLog aims to expand its market presence, forge strategic partnerships, and deepen collaborations within the global shipping and port ecosystems. MatchLog's innovative triangulation solution, which matches import containers with export requirements, is set to eliminate unnecessary dry runs and reduce empty container trips back to depots. This will enhance efficiency and significantly reduce carbon emissions. With this investment, MatchLog is poised to scale its operations in India. It plans to handle around 4-5 million containers annually, resulting in a remarkable reduction of 200,000 metric tonnes of carbon emissions each year. Stay tuned as MatchLog continues to set new industry standards. Its ambitious goal is to eliminate 10 billion km of unnecessary travel globally in the EXIM container supply chain. Read More: https://lnkd.in/gYbbJa77 #MatchLogSolutions #ContainerLogistics #Sustainability #PreSeriesA #FundingRound #ShippingIndustry #SupplyChainOptimization

Really fantastic news today from our venture Deltia, which has received €4.5 million in seed funding in a round led by our friends at Cavalry Ventures. Merantix was proud to participate in this latest round again. Dr. Silviu Homoceanu joined us at Merantix about a year ago, and met Maximilian Fischer who was also an Entrepreneur in Residence with us where they quickly realised that with Max’s background in the industry and Silvius passion for computer vision that they have a common goal to tackle: Optimising factory processes with the help of AI. At its core, Deltia’s mission is to help solve one of biggest challenges we’re facing right now in modern industrial production — the shortage of skilled workers. They saw fantastic early traction with this - having signed 5 partners before writing a single line of code. So today they have reached the next milestone, and are adding fantastic new investors that will help them grow even further: Cavalry Ventures, 🤠 Claude Ritter, Robin Capital Robin Haak, and Combination VC. I’ve been so impressed by Max Fischer and Silviu Homoceanu and the Deltia team and can’t wait to see what’s next. Read our short interview with them about their mission, here: https://lnkd.in/gzUm-fSA #venturecapital #artificialintelligence #manufacturing #computervision #raise