Logiwa, a Chicago, IL-based cloud fulfillment platform for high-volume direct-to-consumer (DTC) and omnichannel businesses, announced that it completed $10 million in the second round of investment in Series B.
The round was led by Prologis Ventures and BAM Elevate. Existing investors Valor Siren Ventures, Runway Venture Partners, Spider Capital, and Launch Capital also participated in this round.
Logiwa previously announced a $16.4M round of funding led by NewRoad Capital Partners. In total, it has received more than $26.4M in Series B capital to fuel its continued growth as a provider of end-to-end solutions for e-commerce fulfillment.
This Series B financing will enable the company to accelerate the development of its platform, capitalizing on market growth in high-volume DTC e-commerce that requires greater flexibility and faster implementation than traditional solutions to meet increasing consumer expectations.
Logiwa's development priorities include additional AI-powered automation, advanced analytics, and the continued expansion of Logiwa's out-of-the-box integrations ecosystem, which connects to hundreds of marketplaces, shippers, robotics, and other management systems.
"We're very fortunate to have two new investment partners join us who are bringing more than capital to our company," said Erhan Musaoglu, CEO of Logiwa. "Prologis Ventures is one of the world's largest and most respected real estate and investment firms in the logistics and supply chain industry, and BAM Elevate has helped numerous firms navigate the complex process from the start-up phase to establishing market leadership. Their financing support will help us continue to execute our vision of DTC fulfillment excellence."
Company: Logiwa, Inc.
Round: Series B-2nd round
Funding Month: November 2022
Lead Investors: Prologis Ventures and BAM Elevate
Additional Investors: Valor Siren Ventures, Runway Venture Partners, Spider Capital, and Launch Capital
Company Website: https://www.logiwa.com/
Software Category: Cloud Fulfillment Platform
About the Company: Logiwa is the leading cloud fulfillment software for high-volume direct-to-consumer brands, wholesalers, and 3PLs. The Logiwa Cloud Fulfillment Platform is an integrated WMS and order fulfillment system that makes it easy to run a digital warehouse and scale high-volume DTC fulfillment operations. Logiwa's solution works where traditional WMS systems fail: it connects quickly with new online stores and marketplaces, makes it easy to run a digital warehouse, and is easily updated to support dynamic warehouse environments.