Logiwa Bags $16.4M Round to Modernize the WMS Market
July 7, 2022
has raised $16.4 million in its Series B round. The financing will enable the
company to continue developing its platform and capitalize on the shift to
ecommerce and the need for new flexible solutions with faster implementation
The investment was led by NewRoad Capital Partners, an operator-led, demand
driven investment firm focused on growth-oriented companies in supply chain and
logistics and innovative consumer companies. Existing investors, Valor Siren
Ventures, Runway Venture Partners, Spider Capital and Launch Capital also
Logiwa’s cloud-based warehouse management system (WMS) platform, specifically
built for high-volume fulfillment, can increase warehouse order processing
capacity by 200% and labor efficiency by more than 40%.
next winners in ecommerce will be those who best manage their supply chain and
order fulfillment operations,” said Erhan Musaoglu, CEO and Founder of Logiwa.
“A high bar for delivery speed and accuracy has been set by Amazon and other
giant online retailers, and the field of competition is shifting from the online
shopping experience to the order delivery experience. Logiwa WMS software helps
both brands and 3PLs survive and thrive in this new environment. With Logiwa,
they can turn DTC fulfillment excellence into a competitive advantage.”
“As ecommerce order volumes and consumer expectations continue to grow, it’s
clear that innovative solutions will be needed to keep up with the needs of DTC
warehousing,” said Chris Sultemeier, Operating Partner at NewRoad Capital
Partners and former EVP of Logistics at Walmart. “Logiwa’s WMS is very well
suited for high-volume operations and their commitment to innovation makes them
an excellent partner for the future as retail markets continue to evolve.”
Following this round, Chris Sultemeier will join Logiwa’s board of directors.
With this new funding, Logiwa plans to continue its product-led growth strategy
by developing new AI-powered automation algorithms and advanced analytics, as
well as expanding its many out-of-the-box integrations.