Supply Chain Tech Capital Raises in the U.S. – October 16th-31st, 2024
Some interesting transactions closed in the Supply Chain Tech sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PE Growth/Expansion
1. Interos, developer of a logistics assurance platform designed for supply-chain risk management received $45.56 million of development capital from Blue Owl Capital, and other investors.
Later Stage VC
2. Third Wave Automation, manufacturer of an autonomous forklift technology raised $27 million of Series C venture funding in a deal led by Woven Capital. The funds will be used to scale the company’s pioneering Shared Autonomy Platform, expand manufacturing of its multimode TWA Reach forklifts, and support future technology development that advances the use of autonomous forklifts in and around warehouse environments.
3. EKA, developer of a logistics platform designed to improve supply chain efficiency raised $1.07 million of venture funding. The funding will enable the company to enhance its logistics platform, expand market reach, hire talent, and strengthen its position in the supply chain industry.
Angel, Seed, and Grant
4. Latii, operator of a cloud-based supply chain platform intended to source technology for construction precision parts raised $6.72 million of seed funding in a deal led by Leadout Capital. The company intends to use the funds to continue the development and launch of AI-powered tools that streamline processes for both its customers and fabricators and further enhance its U.S.-wide expansion efforts in the Pacific Northwest, Mountain Region, and the New York Tri-State Area by removing cross-market friction.
5. Courie, developer of logistics software designed for modern-day couriers raised $3.83 million through a combination of Seed-1 and Seed-2 funding.
#castleplacement #capitalraising #privateequity #venturecapital #investment #SupplyChainTech
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 LevyManaging 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.
