Logiwa, the leading cloud fulfillment platform for high-volume direct-to-consumer (DTC) and omnichannel businesses, has raised $16.4 million. The Series B investment round was led by NewRoad Capital Partners. Existing investors Valor Siren Startups, Runway Startup Partners, Spider Capital and Launch Capital also participated in the investment round.
Turkish startup Logiwa, which serves entirely on SaaS model, received its first investment from Revo Capital in 2017 to grow in the North American market. The company stands out in the market with its online retail warehouse management and order preparation functions. It draws attention as one of the startups that uses the integration capabilities brought by its technology at the maximum level.
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Logiwa's cloud-based warehouse management system (WMS) platform, built specifically for high-volume order fulfillment, is said to increase warehouse order processing capacity by 200 percent and workforce productivity by more than 40 percent in their company.
With this new funding, the company plans to continue its product-led growth strategy by developing new AI-powered automation algorithms and advanced analytics, and expanding many out-of-the-box integrations. The company also wants to grow by developing new AI-powered automation algorithms and advanced analytics. It also plans to continue its product-led growth strategy by expanding its many out-of-the-box integrations.
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