Quincus, a Singapore-based enterprise SaaS leader in solving global supply chain challenges, raised an undisclosed amount in the Series B round.
The round was led by UP. Partners, a US-based electrification and mobility fund, with participation from existing investors GGV Capital. The Series B investment catapults the company's valuation well over US$100 million.
Quincus looks to use Series B funding to continue expanding its global footprint in Asia-Pacific, the Middle East, and select markets in Latin America, Europe, and North America. It is on track to grow its team to over 400 people to support its operations.
Funding also allows Quincus to scale up technology innovation. Quincus is strengthening its multi-mile and Artificial Intelligence offerings, creating more robust and transparent supply chain networks worldwide.
Round: Series B
Funding Month: September 2021
Lead Investors: UP.Partners
Additional Investors: GGV Capital
Company Website: http://www.quincus.com/
Software Category: Enterprise SaaS platform
About the Company: Quincus is an Enterprise SaaS platform that helps solve logistics problems for logistics providers, e-commerce, airlines, freight, and household brands worldwide. Using Quincus' highly configurable and modular technology, companies can automate manual tasks, maximize resources across supply chains, and build business resilience to thrive. The combination of flexibility, seamless integration, and robust data intelligence provides real-time supply chain visibility and control, helping companies save time and resources. Quincus has worked with businesses in many industries across the globe to build smarter, more efficient supply chains. Quincus is headquartered in Singapore with a global presence, including Indonesia, Malaysia, Mexico, Taiwan, Vietnam, UAE, the US, and the UK. Currently, Quincus' customers can stay ahead of the competition by using the platform's machine learning capabilities to analyze and process 160 million businesses and its 1.4 quadrillion global routes on supercomputers.