GoRamp, a Lithuania, Vilnius-based SaaS solution designed to address the challenges faced by manufacturers at every level of the supply chain, raised a €2.7 million late seed round.
The round was led by Lead Ventures, with participation from existing investors Willgrow, Startup Wise guys & Presto ventures.
The funds will be deployed to accelerate GoRamp’s growth in key European markets, where the company sees significant expansion opportunities. Additionally, GoRamp aims to strengthen its foothold in the US market, capitalizing on the growing demand for its products.
“With low competition in the SME market and our loyal customer base, we see this as the perfect timing opportunity to drive rapid growth not only in Europe but also on a global scale. We are delighted that Lead Ventures and our existing investors share our vision and have provided substantial support to expand into new markets and deliver even greater value to our existing and potential customers,” stated Jevgenij Polonis, CEO & Co-Founder.
Through the GoRamp platform, companies can automate logistics procurement, reduce expenses tied to warehouse congestion, and make data-driven decisions that optimize the entire supply chain.
GoRamp is confident that the additional funding, combined with its proven global track record and commitment to innovation, will enable the company to capitalize on market opportunities and achieve significant growth.
Company: UAB Gorampa
Raised: €2.7M
Round: Seed Round
Funding Month: July 2023
Lead Investors: Lead Ventures
Additional Investors: Willgrow, Startup Wise guys & Presto ventures
Company Website: https://www.goramp.com/
Software Category: Transportation Management Software
About the Company: Founded in 2017, GoRamp developed a cutting-edge software tool for global supply-chain optimization. Specializing in freight management solutions, GoRamp’s cloud-based transportation management software helps shippers- source, plan, and monitor freight logistics. GoRamp tool covers real-time shipment planning to multiple destinations, communication with carriers & stakeholders, dock scheduling, warehouse & yard management, and KPIs tracking. GoRamp serves customers in over 20 countries worldwide.
Source: https://www.eu-startups.com/2023/07/vilnius-based-goramp-ramps-up-e2-7-million-to-accelerate-growth-in-key-european-logistics-markets/