Fillogic, a New York-based technology platform for channel-free logistics, closed $13 million in Series A funding.
SaaS Investors
The round was led by Revelry Venture Partners, with participation from existing investors like XRC Ventures, Closed Loop Partners, Venture 53, Groundbreak Ventures, and Green Egg Ventures.
Revelry Venture Partners (RVP) is a seed-stage-focused venture capital firm dedicated to fueling the innovation and adoption of frontier technology solutions to solve global-scale challenges.
Fillogic Use of Funds
The company will use the funding to accelerate Fillogic's product development and nationwide expansion of its logistics technology ecosystem.
About Fillogic
Founded in 2018, Fillogic is the Logistics-as-a-Service platform for retail that converts underutilized space at retail centers into tech-enabled, micro-distribution hubs. Fillogic's platform offers channel-free, adaptive solutions, working with shopping mall owners to provide a cost-effective and eco-friendly middle-mile logistics network. Fillogic provides retailers with a more efficient, cost-effective, and sustainable middle-mile logistics platform that enables partners to optimize existing stores, people, and inventory.
Funding Details
Company: R and B Supply Chain, Inc.
Raised: $13.0M
Round: Series A
Funding Month: November 2023
Lead Investors: Revelry Venture Partners
Additional Investors: XRC Ventures, Closed Loop Partners, Venture 53, Groundbreak Ventures, and Green Egg Ventures
Company Website: https://fillogic.com/
Software Category: Logistics-as-a-Service Platform
Source: https://www.prnewswire.com/news-releases/fillogic-closes-13-million-in-series-a-funding-to-pioneer-channel-free-logistics-301980800.html