Singapore-based supply chain tech startup Locad has raised $11 million Series A investment led by Singapore-based global venture capital Reefknot Investments.
Other notable investors including Access Ventures, JG Summit, as well as returning investors Sequoia Surge, Febe Ventures, Antler, Hustle Fund, and Foxmont, Locad said in a statement.
The recent funding will enable Locad to strengthen its logistics engine by building the most extensive and interconnected supply chain network across Asia-Pacific through its technology platform.
This move will provide e-commerce brands with logistics capabilities to tackle the $170 billion e-commerce markets across Southeast Asia and Australia.
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