Inteluck, a Southeast Asian technology-driven logistics platform has raised US$15 million in a Series B fundraising round. This round’s investment was spearheaded by Hong Kong-based investment firm Creo Capital, East Ventures and Headline Asia with TMT boutique investment bank Favour Capital serving as the round’s exclusive financial advisor.
Inteluck helps customers and supplier partners identify and generate by maximizing logistics efficiency using technology, data, and analytics through a variety of logistics platform services, including warehouse management, freight forwarding, and other supply chain services. The platform can integrate and optimize resources based on technology empowerment and primarily addresses issues such as excessive logistical costs, poor service, and a lack of technological support for businesses.
"Despite the fact that most businesses are hit by the epidemic and recruiting new consumers is more difficult, Inteluck has been able to increase revenues by 512 percent in the last three years," said Kevin Zhang, Inteluck's Founder and CEO. “This is thanks to our team's tireless efforts to serve customers with high-quality services at all hours of the day and night. And we are increasing value for both clients and vendors by using order reconstruction, dispatch optimization, dynamic pricing, and other technologies.”
Headquartered in Singapore, Inteluck has expanded to the Philippines, Thailand, and others. As it expands its footprint across Southeast Asia, the company anticipates tremendous growth in the next years.