Post Date : June 11, 2021
Technology focused VC fund, Inflexor Ventures on Thursday announced its investment in the logistics tech company, Kale Logistics.
Kale Logistics in its Series A round raised a total of $5 million, which was led by Inflexor along with participation from the existing investors. From Fund II, Inflexor has since November 2020, invested in four companies including Steradian Semiconductors, PlayShifu and Vitra.ai.
The Logistics tech company aims to use the amount in product enhancement and global business growth, by deploying the solution at additional overseas airports, ports and enterprise cargo handling customers.
The vision is to drastically reduce the complexities involved in the cargo logistics processing at airports, seaports and customs checkpoints, using their cloud-native integrated platform and ERP solutions for all stakeholders in the logistics industry. The solutions enable collaboration in real-time while providing end-to-end visibility of every process and shipment.
Our investment in Kale Logistics fits our thesis of investing in category-defining, enterprise-grade, vertical SaaS products addressing the global market. The company is led by a stellar team with demonstrated capabilities of executing a global go-to-market strategy.”~ Pratip Mazumdar, Partner at Inflexor Ventures
“We believe Kale Logistics will play a pivotal role in radically transforming global cross-border commerce at airports and ports led by trade facilitation reforms initiated by the UN and various countries,” he added.
Our community platforms for ports and airports have a huge opportunity with demand for digitization accelerating at a fast pace. We are excited about having Inflexor as our investor partner as we move forward towards the next orbit of growth.”~ Amar More, Co-founder, Kale Logistics
This is our first fundraise with an external investor and we are happy to partner with Inflexor because of the alignment of vision for the business and their understanding of the SaaS space. We are confident that they will add value to the company as we shift gears to a faster growth trajectory.”~ Vipul Jain Chairman and Co-founder, Kale Logistics
The company’s flagship product, known as UPLIFT is a cargo community platform for airports and seaports which facilitates cross border commerce and cargo digitization.
Inflexor Ventures is a sector-agnostic VC firm that invests in deep and emerging technology startups from Pre-Series A to Series-A+ stages. The team at Inflexor Ventures brings decades of experience in fund management and investments, serial entrepreneurship with exits to US listed companies and global technology and operational roles