Technology startup Expedock, one of the portfolio companies under Kickstart Ventures Inc., raised $17.5 million for the modernization of its freight forwarding process and the reduction of inefficiencies.
Global software investor Insight Partners led the funding round, with participation from existing investors Neo and Pear and executives from Salesforce, Meta, eBay, Clearmetal and Project44.
“Insight’s bread and butter is software companies driving transformative change in their industries, and that’s exactly what Expedock is doing in the international freight industry,” said Insight Partners senior associate Connor Guess, who is joining Expedock’s board of directors.
“Expedock is reinventing how supply chain businesses are able to harness their own data. Given our 600% growth this past year, we are going to do even better by bringing on engineers to expand our use cases and our account executives to support more customers,” said Expedock chief executive King Alandy Dy.