Logistics startup gets $11 million fundingMANILA, Philippines — Singapore-based Reefknot Investments has invested $11 million in a Filipino startup that seeks to streamline logistics solutions for e-commerce players across the Asia-Pacific region. In line with this, Reefknot led the Series A funding for Locad, together with Access Ventures, JG Summit, Sequoia Surge, Febe Ventures, Hustle Fund and Foxmont. Reefknot invested $11 million in Locad to strengthen its logistics operations by pushing it to build an extensive supply chain network in Asia and the Pacific. Locad serves as a logistics engine working with e-commerce brands in growing their reach in the region. Given our global backing and expertise in helping startups expand services and coverage in the region, Reefknot is committed to partnering with more fast-growing supply chain and logistics startups,” Lim said.
