Fero Closes $1.1 Million in pre-Series A  

by Kay Aloha Villamor in November 1st, 2021

Fero, a UAE-based cloud-based robotic process automation (RPA) and enterprise resource planning (ERP)-products company that has created TiA closed a $1.1 million pre-Series A round from an undisclosed institutional investor and other angel investors. 

The new investment will allow Fero to add tech engineers to its team to continue growing its product capabilities, increase its presence in Europe, and further work on additional integrations with freight enterprise resource planning.  

Company: Fero Tech Global Holdings Inc.

Raised: $1.1M

Round: pre-Series A

Funding Month: October 2021

Lead Investors: Undisclosed

Additional Investors: Undisclosed

Company Website: https://fero.ai/

Software Category: Artificial Intelligence-driven SaaS platform providing Uberization to freight forwarders

About the Company: Founded in 2018 by Carolin-Carmen Neubauer, Fero provides logistics enterprises with an Alexa-like software that can listen, understand, talk and message over various messaging platforms to free logistics employees from mundane tasks. Fero, a UAE-based supply chain SaaS startup, cloud-based robotic process automation (RPA, and enterprise resource planning (ERP)-products company that has created TiA, the World’s 1st Intelligent Virtual Assistant for Supply Chain. Fero provides an ecosystem of Transport ERPs and TiA - Transport Interactive Assistant, a software to free logistics employees from mundane tasks. TiA listens, understands, talks, & messages over various messaging platforms, just like Alexa built for Logistics enterprises.

Source: https://www.wamda.com/2021/10/fero-raises-1-million-pre-series

 

 





 

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