Four members of the University of Sussex Business Angels backed the delivery platform to fuel international expansion.
"It’s great to see another exciting local start-up gaining support from four members of our angel community. USBA was designed to foster these partnerships between ambitious innovators and investors who want to support growing Sussex businesses,"
Frontline Ventures led the seed round with participation from Techstart Ventures to support team growth and American expansion.
"For the super-large enterprises moving product all over the globe, transport procurement and management is a major expense both financially and in terms of time. Teams are often individually managing hundreds of carrier relationships, it truly has become an impossible task to do well. Third-party logistic (3PL) companies are inefficient and fail at promoting crucial strategic partnerships between shippers and their carriers. It’s a challenge in need of a solution, and today’s funding announcement is the next major step for us to be able to provide that solution."
Hedosophia led the seed round with participation from Visionaries Club and Anamcara to support expansion into new territories.
"Brands today face intense pressure to meet rapid shifts in consumer trends while delivering on expectations for fast, low-cost, and sustainable supply chains. Many of the biggest names in fashion still manage their supply chain data on Excel and communicate with suppliers via email or WhatsApp. We want to transform customers’ operations while meeting them where they are today. With Ameba, we’re turning supply chains from bottlenecks into engines of growth."
The robotics and data intelligence firm secured the capital from a syndicate led by DTCP to expand its artificial intelligence platform and global footprint.
"We are incredibly excited about the momentum we’ve built over the past 18 months,"