oTMS, a Shangai, China-based one-stop transportation platform, raised $25m in Series B funding.
The round was led by Chen Weixing, the founder of Kuaidi Dache, with participation from previous investors Baidu, Chengwei capital and Matrix Partners China.
The company intends to use the funds to accelerate growth, enhance the user experience of its products and to substantially expand its sales channels and sales opportunities.
Led by Mirek Dabrowski, CEO & Co-founder, oTMS provides a SaaS-based business community based transport management & e-sourcing platform in China that connects shippers, logistics and transport providers, drivers and consignees to tender, execute, track and bill for transport services in a digitalized, real time workflow.
Over 500 companies use oTMS every day to manage their deliveries. oTMS’ customer base includes fashion/lifestyle, clothing, retail, consumer products, automotive, industrial, third party logistics, such as industry leaders Bestseller, LVMH, LiNing, Kerry Willmar, Shanghai Pharma.