Closes $13 Million in Series A Funding to Pioneer Channel-Free Logistics
Summary
New York, November 8, 2023 Fillogic, the leading technology platform for channel-free logistics, is thrilled to announce the closing of its $13 million Series A funding round, led by Revelry Venture Partners ("RVP"). The company has grown 300% so far in 2023, adding new enterprises, digital brands, and platform partners to its expanding list of customers. "RVP Managing Partner Peter Liu, who will join the board as director, echoed this vision, "If we were to design a national logistics network today, it wouldnt resemble the traditional systems filled with costly hubs, planes, and trucks. Fillogics explosive customer and revenue growth is a testament to the value it has created for its ecosystem," said Liu.As part of this Series A round, Fillogic welcomes to its board Herb Shear, Founder and Executive Chairman at G2 Reverse Logistics, and Gene Spiegelman, Vice Chairman and Principal at Ripco Real Estate. Fillogic provides retailers a more efficient, cost-effective, and sustainable middle-mile logistics platform that enables partners to optimize existing stores, people and inventory.