Real-time supply chain visibility company project44 has acquired last-mile tech platform Convey for $255 million. Together, the two companies will combine forces to provide end-to-end supply chain visibility, from the raw materials to the front door. The acquisition will bolster project44’s “Real-time Transportation Visibility Platform” (RTTVP), which provides information on shipments in transit across all […]
Rippling launches computer inventory management as more workers remain remote
The dashboard enables businesses to automatically store, ship and retrieve employee computers in a way that is remote and hands-free.
SOSV is building a New Jersey HAX facility for industrial, healthcare and climate startups
SOSV this morning announced work on a $50 million HAX facility in Newark, New Jersey focused on growing industrial, healthcare and climate startups. The five-year development plan utilizes $25 million from the New Jersey Economic Development Authority. The facility is set to open in June of 2022, with an eye on early-stage U.S. companies working […]
Index leads $12.2M seed in Sourceful, a data play to make supply chains greener
Supply chains can be a complex logistical challenge. But they pose an even greater environmental challenge. And it’s that latter problem — global supply-chain sustainability — where UK startup Sourceful is fully focused, although it argues its approach can boost efficiency as well as shrink environmental impact. So it’s a win-win, per the pitch. Early […]
Logistics startup Stord raises $90M in Kleiner Perkins-led round, becomes a unicorn and acquires a company
When Kleiner Perkins led Stord’s $12.4 million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business. Fast-forward two years and Stord — an Atlanta-based company that has developed a cloud supply chain — […]
Vector.ai’s productivity platform for freight forwarders raises $15M A round led by Bessemer
With supply chains under constant stress because of the pandemic, freight forwarding has become one of the hottest startup sectors in the last two years. Indeed, international freight forwarding is now a $199 billion market. And the evidence is mounting. In November last year, digital freight forwarder Forto raised another $50 million in a round led […]
China’s WeRide unveils Robovan, its first electric, autonomous cargo van
Chinese autonomous driving company WeRide has unveiled its first cargo van, the vessel upon which it will self-drive into the world of urban logistics. WeRide will work with Chinese automobile manufacturer Jiangling Motors (JMC) and Chinese express delivery company ZTO Express to commercialize its first self-driving van at scale. The deal was signed on Wednesday […]
Lee Fixel’s Addition invests over $75 million in Delhivery
Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed in a regulatory filing that Addition has invested $76.4 million in the startup. The new investment is part of a Series I round, according to the filing, provided by […]
Extra Crunch roundup: Cohort analysis, YC Demo Day recaps, building your supply chain
We’re off on Monday, September 6 to celebrate America’s Labor Day holiday, but we’ll be back with new stories (and a very brief newsletter) on Tuesday morning.
6 tips for establishing your startup’s global supply chain
A global supply chain is, well, global. Each region, supplier and subcontractor in your chain needs to work in harmony with each other, because a single snag can ruin the whole process.