Routific Raises Seed Funding
Summary
Routific, a Vancouver, Canada based provider of a route optimization solution, raised a seed funding round of undisclosed amount.The round, which was led by Pallasite Ventures, brought total funding to $1.2m.Led by Founder Marc Kuo, Routific provides a route optimization solution for last-mile delivery fleets which leverages a proprietary algorithm.The company, which was accelerated within Techstars Chicago, experienced revenue growth of 890%, doubled its number of employees and optimized 5,227,526 routes around the world expanding from 5 cities to 256 cities in 2015.It also signed its first major enterprise deal with a $600 million e-commerce company.
Funding
Amount
-
Total raised
Date
February 24, 2016
Announcement date
Investors
FireStarter Fund, Pallasite Ventures
Lead investors
Company
http://www.routific.com
Funded company
Classifications
industries
No industries detected
applications
E-Commerce & Retail
AskAI Classifications
Labels
Route Optimization Software
Delivery Software
SaaS
Linked Companies
Routific
$1M to $5M