Dubai-based logistics Software as a Service (SaaS) startup zip24 has raised US$1.2 Million in a Seed round, led by London-based Sturgeon Capital, along with Angel investors from the UK and Gulf Cooperation Council (GCC) countries, including Hayaat Group, Teqvisory, and Robert Kay.
The current round of funding will be used to further expand tech, product, support, and sales/marketing teams, particularly at zip24's main operating base in Tashkent, Uzbekistan.
Company: zip24
Raised: $1.2M
Round: Seed Round
Funding Month: June 2021
Lead Investors: Sturgeon Capital
Additional Investors: Hayaat Group, Teqvisory, and Robert Kay
Company Website: http://zip24.com/
Software Category: cloud-based Delivery Management Software
About the Company: zip24 is a "Software-as-a-Service" (SaaS) start-up. It provides operations management software for growing e-commerce brands. Through its main cloud-based Delivery Management Software offerings – Shipox.com and Warehouse Management Software – Storfox.com, zip24 helps to forecast orders and logistic transactions, control and manage the day-to-day retail, warehousing, order shipping, and fulfillment with end-to-end delivery tracking.
Source: https://www.prnewswire.com/news-releases/e-commerce-logistics-saas-tech-startup-zip24-raises-us1-2-million-to-fund-its-expansion-301323386.html