Fillogic, a NYC-based provider of a technology Channel-Free Logistics platform, raised $13M in Series A funding.
The round was led by Revelry Venture Partners with participation from XRC Ventures, Closed Loop Partners, Venture 53, Groundbreak Ventures, and Green Egg Ventures. RVP Managing Partner, Peter Liu, will join the board as Director, along with Herb Shear, Founder and Executive Chairman at G2 Reverse Logistics, and Gene Spiegelman, Vice Chairman and Principal at Ripco Real Estate.
The company intends to use the funds to accelerate its product development and nationwide expansion of its logistics technology ecosystem.
Founded in 2018 by CEO, Bill Thayer, Fillogic is a channel-free, local market logistics provider that converts under-utilized space in retail centers like shopping malls into middle-mile logistics centers.
The company has grown 300% so far in 2023, adding new enterprises, digital brands, and platform partners to its expanding list of customers.
FinSMEs
08/11/2023