Supply chain tech attracts $7.8bn VC investment in Q3
RESEARCH FIRM Pitchbook says an abrupt shift in buying patterns stemming from the pandemic has caused havoc up and down the supply chain, and startups are pouncing on the opportunity.
Its Q3 instalment of Emerging Tech Research in the supply chain breaks down how venture capital is chasing solutions that bring order to a highly fragmented ecosystem.
The firm’s takeaways include:
- VC investment into supply chain tech adding $7.8 billion across 190 deals in Q3.
- Opportunity in freight and delivery aggregators that provide booking platforms for shippers and carriers.
- Supply chain startups are helping global corporations assess and improve the sustainability of their supply chains.
Recent deals include fleet safety platform Netradeyne raising $150m Series C funding, UPS acquiring Roadie a tech platform enabling local someday delivery for an undisclosed sum, and digital warehouse and distribution provider STORD rising $90m Series D funding, valuing the company at $1.1bn.
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