202109 Sep

Warehouse management platform Fulfilld raises USD2.5m in oversubscribed seed round


Fulfilld, a US based warehouse management orchestration platform, has raised USD2.5 million in an oversubscribed seed funding round led by TenOneTen Ventures and co-led by Pi Labs, Europe’s most active proptech VC. The company was launched by serial entrepreneurs Yosh Eisbart, Michael Pytel, and Rick Fischer who previously founded and bootstrapped enterprise software and services firm NIMBL, ultimately selling to a publicly traded European competitor in 2018. Its cloud-based technology - powered by digital-twin warehouse virtualisation, 5G, and ultra-wide band connectivity - is targeted at enterprise midmarket customers within the warehousing, manufacturing, wholesale distribution, consumer packaged goods, automotive, and third-party logistics industries. “Human capital is one of the most important factors for us when we conduct our due diligence process, and we were incredibly impressed with Yosh and Michael given their proven track record in building and scaling international businesses. We believe in their vision and in their ability to achieve it, which is why we are proud to be co-leading their seed round to jump start their global growth journey.” Minnie Ingersoll, Partner at TenOneTen, says: "The Fulfilld solution is addressing a genuine gap in the market between rigid legacy systems and newer start-ups that are not built to meet the needs of larger enterprise customers.

Source: Privateequitywire


Sep 09 2021