Powered by SaaS Industry
At a Glance
Quincus, a supply chain optimization technology provider, has announced an unnamed Series B funding round led by UP Partners. Quincus intends to use the funds to expand its global footprint in APAC, the Middle East, and select Latin American, European, and North American markets.
Quincus, a supply chain optimization technology provider, has announced that it has raised an undisclosed Series B funding round led by UP Partners with participation from GGV Capital, said Quincus in a press release.
Quincus intends to use the Series B funding to expand its global footprint in Asia-Pacific, the Middle East, and select Latin American, European, and North American markets. It plans to expand its team to over 400 people to support its operations. With this round of funding, the company’s valuation goes over $100 million.
Jonathan E. Savoir, CEO and co-founder at Quincus, said that as the industry undergoes digitalization as a result of global and local trade activities and the pandemic, there is an incredible opportunity in the supply chain and logistics sector.
Companies are seeing the urgency to provide better and faster services to satisfy the demands from both consumers and businesses today while ensuring their operations are kept cost-efficient. Moreover, there is also a need for a greener supply chain as Environmental, Social and Corporate Governance is top of mind for many today. Quincus is incredibly well-positioned to provide the relevant solutions to achieve customers’ supply chain and logistics goals with our simple plug-and-play technology applications.Jonathan E. Savoir, CEO and co-founder at Quincus
Quincus, founded in 2014 by Jonathan and Katherina-Olivia Lacey, has been collaborating with several household e-commerce, logistics, and airline brands to solve global supply chain problems. Quincus can now accelerate its growth trajectory by investing heavily in market expansion and technology development thanks to new funding.
UP Partners and Quincus are mutually committed towards transforming the global movement of goods. UP Partners believes that international supply chains are ripe for disruption and that Quincus holds the key to unlock enormous efficiencies for the logistics industry. The economic effects of covid have forced global logistics players to fundamentally rethink how they operate their business. The digitization imperative has accelerated faster than ever. Quincus’ solution solves strategic pain points across the entire logistics chain. UP Partners is excited by Quincus’ potential, and we look forward to partnering with Jonathan and Katherina on their journey to become the OS for logistics.Ally Warson, principal at UP Partners
Quincus is headquartered in Singapore and has offices in Indonesia, Malaysia, Mexico, Taiwan, Vietnam, the United Arab Emirates, the United States, and the United Kingdom. It plans to expand its team to over 400 people by the end of the year to support its operations in newly opened offices across Canada and the Middle East. By 2022, the company hopes to expand into new markets in the Americas, South Korea, and Japan.