Tekion bags US$ 150M in Series C funding
California-based Tekion, a cloud technology startup focused on the automotive industry has bagged US$ 150M in a Series C funding round held in October 2020

Chicago- Logiwa, the premier cloud fulfillment platform for high-volume direct-to-consumer (DTC) and omnichannel enterprises, announced the completion of its Series B fundraising, headed by Prologis Ventures and BAM Elevate. Logiwa has raised more than USD 26.4 million in Series B finance to continue expanding as a supplier of end-to-end e-commerce fulfillment solutions.

Logiwa earlier disclosed a USD 16.4M round of funding led by NewRoad Capital Partners, an operator-led and demand-driven investment firm focused on growth-oriented supply chain and logistics firms and creative consumer enterprises. This round was also attended by existing investors Valor Siren Ventures, Runway Venture Partners, Spider Capital, and Launch Capital.

The cloud-based DTC fulfillment technology from Logiwa may enhance warehouse order processing capacity by more than 200 percent and labor efficiency by more than 40%. This Series B funding will allow the firm to accelerate platform development, leveraging on industry growth in high-volume DTC e-commerce, which requires greater flexibility and faster deployment than traditional solutions to fulfill rising customer expectations. Among the development, objectives are additional AI-powered automation, enhanced analytics, and the continuous expansion of Logiwa’s out-of-the-box integrations ecosystem, which links to hundreds of markets, shippers, robots, and other management systems.

Logiwa CEO Erhan Musaoglu:

“We’re fortunate to have two new investment partners join us who provide more than cash to our firm. Prologis Ventures is one of the world’s largest and most regarded logistics and supply chain real estate and investment organizations, and BAM Elevate has assisted countless enterprises in navigating the arduous route from start-up to market leadership. Their financial assistance will enable us to continue executing our mission of DTC fulfillment excellence.”

Will O’Donnell, Managing Director of Prologis Ventures:

“As ecommerce businesses accelerate, firms of all sizes are limited to seeking a solution that is purpose-built to manage the intricacies of these high-volume fulfillment operations and new growth areas like direct-to-consumer. We are delighted with Logiwa’s software, which provides firms with ease of use, smooth connections with other software solutions, fast speeds, and the ability to handle large amounts of inventory.”

Logiwa is the market leader in cloud fulfillment software for high-volume direct-to-consumer companies, wholesalers, and third-party logistics (3PLs). The Logiwa Cloud Fulfillment Platform is an integrated warehouse management system (WMS) and order fulfillment solution. It makes it simple to run a digital warehouse and grow high-volume DTC fulfillment operations. Logiwa’s solution succeeds where traditional WMS systems fail: it instantly connects to new online businesses and marketplaces, makes running a digital warehouse simple, and is readily modified to suit changing warehouse settings.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.


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