Routeique, Inc., a Calgary, Canada-based closed a bridge funding from Lancaster Investments, in the form of a convertible debenture.
The amount of the deal was not disclosed.
The proceeds will be used to fund the strategic acquisition of a company focusing on large retailers, complimenting Routeique’s current focus on major manufacturers. Official news of the acquisition is expected to be announced on August 7, 2018.
Led by Mike Allan, President, Routeique offers a cloud-based complete logistics platform for supply chains, including end-to-end order management, inventory and warehouse management, mobile invoicing and settlement, route optimization and planning, signature capture and proof of delivery.
The company works across all areas of the supply chain space from manufacturers to distributors to retailers.