Logiwa Raises $16.4M in Series B Funding as Company Aims to Modernize the WMS Market
CHICAGO, June 30, 2022. Logiwa, the leading cloud fulfillment platform for high-volume direct-to-consumer (DTC) and omnichannel businesses, announced it has raised $16.4 million in its Series B round. The financing will enable the company to continue developing its platform and capitalize on the shift to ecommerce and the need for new flexible solutions with faster implementation times.
The investment was led by NewRoad Capital Partners, an operator-led, demand driven investment firm focused on growth-oriented companies in supply chain and logistics and innovative consumer companies. Existing investors, Valor Siren Ventures, Runway Venture Partners, Spider Capital and Launch Capital also participated.
Logiwa’s cloud-based warehouse management system (WMS) platform, specifically built for high-volume fulfillment, can increase warehouse order processing capacity by 200% and labor efficiency by more than 40%.
“The next winners in ecommerce will be those who best manage their supply chain and order fulfillment operations,” said Erhan Musaoglu, CEO and Founder of Logiwa. “A high bar for delivery speed and accuracy has been set by Amazon and other giant online retailers, and the field of competition is shifting from the online shopping experience to the order delivery experience. Logiwa WMS software helps both brands and 3PLs survive and thrive in this new environment. With Logiwa, they can turn DTC fulfillment excellence into a competitive advantage.”
“As ecommerce order volumes and consumer expectations continue to grow, it’s clear that innovative solutions will be needed to keep up with the needs of DTC warehousing,” said Chris Sultemeier, Operating Partner at NewRoad Capital Partners and former EVP of Logistics at Walmart. “Logiwa’s WMS is very well suited for high-volume operations and their commitment to innovation makes them an excellent partner for the future as retail markets continue to evolve.” Following this round, Chris Sultemeier will join Logiwa’s board of directors.
With this new funding, Logiwa plans to continue its product-led growth strategy by developing new AI-powered automation algorithms and advanced analytics, as well as expanding its many out-of-the-box integrations.
About NewRoad Capital Partners
NewRoad Capital Partners, LLC (“NewRoad”) invests in proven and innovative technologies, products, and services that serve existing, and unmet needs in the marketplace. NewRoad partners with growth-oriented companies in supply chain and logistics and innovative consumer companies. As experienced entrepreneurs and operators, the NewRoad team prides itself on the high level of collaboration it brings to each of its investments. NewRoad’s team of investment professionals and operating partners have deep relevant investing and operating expertise, including significant experience leading large divisions of enterprise companies and building businesses of scale from concept to realization. For more information visit: https://newroadcp.com/.