Logistics Startup Locus Raises $2.75M in Series A
Bangalore: Logistics management platform, Locus, has raised $2.75 million in Series A funding led by Exfinity Venture Partners with participation from Blume Ventures, BeeNext and Rajesh Ranavat (MD, Fung Capital). Existing investors also participated in this round. The startup received seed funding from growX, Bhupen Shah, Manish Singhal, Amit Ranjan and others mid last year. Locus enables enterprises with technology to manage their deliveries, with features including, automated smart dispatches, tracking, and fleet visualization, proprietary geocoder and proprietary route deviation engine. The funding will be used to strengthen its technology offerings and expand the team.
Nishith Rastogi, Co-founder & CEO, Locus, said, “Supply chain, delivery and logistics are critical challenges and key to competitive advantage for enterprises. We at Locus, have created high-end algorithms & systems, unlike any existing solution, to take care of this problem so businesses can focus on offering their customers a delightful experience.”
Highland Capital Invests in Personal Storage Startup Omni
San Francisco: Omni, a personal storage startup, has raised $7 million in Series A funding led by Highland Capital. The new raise brings the total funds to $10 million, and will be used for market expansion, accelerating the launch of new features, and company growth.
Omni offers members a storage experience comprised of an on-demand concierge service and a mobile app where members can schedule pickups and deliveries, as well as view and manage their stored belongings at the item-level.
‘Physical self-storage is a billion-dollar industry that has not evolved to meet the needs of today’s consumer,’ said Manish Patel, General Partner at Highland Capital.
LiveNinja Raises $2M to Build New Functionalities
Miami: LiveNinja, service and assistance messaging platform, has raised $2 million of funding from Scout Ventures, Anzu Partners, Comcast Ventures Catalyst Fund, Citi Ventures, Accelerated Growth Partners and SeedInvest. Prior to the startup had raised $1.5 million from New York-based Scout.
The startup stated that the funds will further be deployed to build out new functionalities within its LiveNinja Messenger and expand their sales team. Right now it’s offered free for a limited time and will evolve into a “pay as you grow” model where brands will pay on a per-customer engagement basis. In the coming months, LiveNinja will be releasing support for certain messaging apps with available APIs.
Passport Inc Raised $8M From MK Capital, Grotech Ventures & Relevance Capital
Charlotte: Passport Inc. has raised $8 million in Series B round of funding led by MK Capital. The round also saw participation from Grotech Ventures and Relevance Capital. The funds were raised to help cities make parking and transportation systems easier for people to use, and harder for them to abuse.The new round brings Passport’s total capital raised to $17 million.
The Charlotte, North Carolina startup provides the cloud-based software behind city transit and parking apps including: ParkBoston, ParkChicago, Toronto’s Green P Parking app, GoTuscon, and others across the U.S. and in Canada.Category Investments News