Total amount raised
$19.6 Millions
Latest funding date
03/01/2022
Location
Title
Silq has successfully raised significant funding over multiple rounds, positioning itself as a key player in the digital freight forwarding industry. The platform offers a range of shipping services, including air freight, full container load (FCL), less-than container load (LCL), and shared container load (SCL).
Keep reading to explore the intricacies of Silq's fundraising journey and the investors backing this innovative platform.
What Is Silq?
Silq, a digital freight forwarder, was founded to revolutionize global shipping by combining factory inspections with freight forwarding services. The company operates primarily in Asia, with a significant presence in China and India, and is registered in the United States.
Founded by a team of industry experts, Silq offers a range of shipping services, including air freight, full container load (FCL), less-than container load (LCL), and shared container load (SCL). Their platform aims to minimize delays and errors, ensuring reliable and predictable deliveries.
While the exact number of employees and the names of the founders are not publicly disclosed, Silq's innovative approach and comprehensive services have positioned it as a key player in the digital freight forwarding industry.
How Much Funding Has Silq Raised?
- Series A Funding Round
- Amount Raised: $17.6 million
- Date: March 2022
- Lead Investors: F-Prime Capital and Flexport Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its footprint of factory partners, grow its team of on-site merchandisers and quality inspectors across Asia, and invest in technology development.
Total Amount Raised: $19.6 million. Current Valuation: Not publicly disclosed.
Key Investors
- F-Prime Capital
- Details: F-Prime Capital is a global venture capital firm with a focus on healthcare and technology. They have a history of backing transformative companies in these sectors.
- Investment Focus Areas: Healthcare, technology, financial services
- Notable Investments: Moderna, Iora Health, Flywire
- Flexport Ventures
- Details: Flexport Ventures is the investment arm of Flexport, a leading digital freight forwarder. They invest in companies that are innovating in the logistics and supply chain sectors.
- Investment Focus Areas: Logistics, supply chain technology, transportation
- Notable Investments: Flexport, Convoy, Project44
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm that supports technology and healthcare companies. They have a strong presence in Asia, Europe, and the United States.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Alibaba, App Annie, Neo4j
- RTP Seed
- Details: RTP Seed is an early-stage venture capital firm that focuses on technology startups. They provide seed funding and support to help companies grow.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Not publicly disclosed
- Forum Ventures
- Details: Forum Ventures is a venture capital firm specializing in B2B SaaS startups. They offer funding and mentorship to early-stage companies.
- Investment Focus Areas: B2B SaaS, enterprise software, technology
- Notable Investments: Not publicly disclosed
What's Next for Silq?
Silq is poised to capitalize on significant opportunities in the global supply chain industry. With plans to expand into broader categories of consumer goods and new markets like Asia and Latin America, the company is set to leverage its technology to improve supply chain efficiency. The recent $17.6 million Series A funding will be instrumental in expanding its network of factory partners and growing its team of on-site merchandisers and quality inspectors.
Future fundraising efforts are likely to focus on further technological advancements and market expansion. However, Silq will need to navigate ongoing supply chain bottlenecks and competition from other companies offering similar solutions. The company's ability to enhance existing infrastructure and provide real-time data will be crucial in overcoming these challenges.
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