- Other backers were Valor Siren Ventures, Runway Venture Partners, Spider Capital and Launch Capital
- NewRoad operating partner Chris Sultemeier will join Logiwa’s board
- The capital infusion will be used for platform development and growth
Logiwa, a cloud fulfillment platform for high-volume direct-to-consumer and omnichannel businesses, has raised $16.4 million in Series B funding. NewRoad Capital Partners led the round with participation from return backers Valor Siren Ventures, Runway Venture Partners, Spider Capital and Launch Capital.
The financing will enable the company to continue developing its platform and capitalize on the shift to ecommerce and the need for new flexible solutions with faster implementation times.
“As ecommerce order volumes and consumer expectations continue to grow, it’s clear that innovative solutions will be needed to keep up with the needs of DTC warehousing,” Chris Sultemeier, operating partner at NewRoad Capital Partners, said in a statement. “Logiwa’s WMS is very well suited for high-volume operations, and their commitment to innovation makes them an excellent partner for the future as retail markets continue to evolve.”
Sultemeier will join Logiwa’s board of directors as part of the new investment.