Supply Chain Tech Capital Raises in the U.S. – August 19th-25th, 2024
The Supply Chain Tech sector has seen significant activity this past week, with several companies securing substantial funding to drive innovation.
If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Here are the capital raises:
Later Stage VC
- Gatik, Mountain View, CA, raised an undisclosed amount in later-stage VC funding. (Investors: Isuzu Motors, Itochu, Nippon Express Holdings).
- Boomitra, San Mateo, CA, raised $500,000 of venture funding from Global Innovation Fund.
Merger/Acquisition and Corporate
- Gradable, San Carlos, CA, was acquired by Archer Daniels Midland.
Early Stage VC
- Frozen Logistics, Taylor, TX, raised $3.7 million in early-stage VC funding to expand its cold storage service and logistics platform.
Seed Round, Angel and Grant
- Clarium, New York, NY, raised $12.5 million of Seed-2 funding in a deal led by General Catalyst, putting the company’s pre-money valuation at $37.5 million.
- FR8relay, Bentonville, AR, received $1 million of grant funding from National Science Foundation.
- Frites Street, Scottsdale, AZ, raised $2.97 million through a combination of Seed-1, and Seed-2 funding.
- Biome Makers, Davis, CA, joined Plug and Play Tech Center as a part of Fall Cohort.
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Gary Levy
Managing Director
Over 30 years in financial services, including senior roles at Citi, Ivy Asset Management (an Affiliate of BNY) and TIAA. Founder and President of Biltmore Savings Consultants, a provider of B2B technology solutions to improve operations. Author of published book "21 Ways to Improve Your Business Operations." MBA - Strategic Business Management from Hofstra University’s Frank G. Zarb School of Business. BS (with a concentration in Business, Management and Economics) from SUNY Empire State College. Series 7, 63 and 79 licenses.
- Email: glevy@castleplacement.com
- (C) (516) 457-0104
Gary Levy
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: glevy@castleplacement.com
(C) (516) 457-0104
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
