At a Glance
Inflexor Ventures led a Series A fundraising round for Kale Logistics, which secured $5 million. The funds will be used to strengthen the company’s goods and increase its global reach. Kale Logistics’ cloud-native integrated platform and ERP solutions for all logistics stakeholders aim to reduce the challenges that come with cargo logistics processing.
Kale Logistics, a logistics tech startup, has said that it has raised $5 million in a Series A funding round led by Inflexor Ventures. Existing investors also attended the funding round.
According to a press release, the firm plans to use the capital to improve its products and expand its worldwide company by deploying its solutions at more international airports, ports, and enterprise cargo handling clients.
“This is our first fund raise with an external investor, and we are happy to partner with Inflexor because of the alignment of vision for the business and their understanding of the SaaS space. We are confident that they will add value to the company as we shift gears to a faster growth trajectory.”Vipul Jain, co-founder and chairman of Kale Logistics
Kale Logistics’ cloud-native integrated platform and ERP solutions for all stakeholders in the logistics business seek to decrease the difficulties inherent in cargo logistics processing at airports, seaports, and customs checkpoints.
“Our community platforms for ports and airports have a huge opportunity with demand for digitization accelerating at a fast pace.”Amar More, the co-founder and CEO of Kale Logistics
UPLIFT, the company’s flagship product, is a cargo community platform for airports and seaports that allows cross-border trade and cargo digitization.
Pratip Mazumdar, co-founder and partner at Inflexor Ventures, said that Kale Logistics is a good fit for their investment strategy, which is to invest in category-defining, enterprise-grade, vertical SaaS businesses that address the worldwide market.
He added, “We believe Kale Logistics will play a pivotal role in radically transforming global cross-border commerce at airports and ports led by trade facilitation reforms initiated by the UN and various countries.”