🚀 Solvento Closes US$12.5M Series A 🚀 Kudos to the team at Solvento for securing $12.5M in Series A funding! 👏 Solvento is redefining Mexico's trucking and logistics industry with a platform that automates freight payments and provides essential liquidity to truckers and third-party logistics providers. This innovative solution empowers shippers to make immediate payments, streamlining operations and supporting the backbone of the logistics ecosystem. 🌐💸 It’s been impressive to see how quickly Solvento has achieved product-market fit—so much so that even traditional financial players are eager to collaborate. We're incredibly proud to continue supporting outstanding founders like Jaime Tabachnik, Pedro Bosch, and Guillermo Bosch as they revolutionize the mobilitech industry in the country we all call home—Mexico. 🇲🇽 Their vision and dedication inspire us, and we’re excited to be part of their journey! 🚚💥 Check out for the full article here: https://lnkd.in/ec7V4X6y
Proeza Ventures’ Post
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🚚 🌎 📈 It is no secret that US-Mexico cross-border freight activity is on a historic rise, with Mexico becoming the US’ top trading partner in 2023, and already this year, trade reached $415B from January-June, the highest total ever recorded for the time period. To keep pace with this growth in trade and movement of products across the US-Mexico border, technology must advance as well to ensure efficient, affordable, and secure cross-border transportation and logistics. Enter Cargado, a startup building tech for the freight industry by freight experts, with a vision to make cross-border freight interconnected, dependable, and transparent. Ironspring Ventures proudly led the company’s $3M pre-seed round (announced in January), which was followed by Cargado raising a $6.8M seed round led by Primary Venture Partners this spring. Co-Founders Matt Silver and Rylan Hawkins bring a differentiated and formidable blend of freight industry expertise, cross-border insight, and technical prowess to tackling this complex problem in a massive market, and we are excited to back this duo and their horsepower team. 👉 Check out our latest “Why We Invested” to learn more about Cargado, its vision to create a seamless experience for stakeholders to collaborate, and how this team is building a world-class, customer-oriented product. Ty Findley https://lnkd.in/gCS5jnbz
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Solvento secures $53.5M funding for AI-powered trucking solutions and #financialinclusion 🔑 ‘Solvento Audita, the newly launched software, utilizes AI to automate end-to-end accounts payable processes, offering a transformative solution for the trucking industry’s supply chain and freight dynamics.’ 🔑 ‘The funding aims to propel Solvento’s mission of creating a comprehensive payment and credit infrastructure for the $200 billion Latin American trucking sector.’ 🔑 “The #underserved nature of the trucking industry in Mexico and Latin America, emphasizing the opportunities for specialized companies like Solvento. The funding provides Solvento with the resources to execute ambitious growth plans and further contribute to financial inclusion in the region.” - Rafa de la Guia, Partner at Quona Capital 💸 $50M debt facility from Lendable and an oversubscribed $3.5M seed extension led by Quona Capital and backed by investors such as Dynamo Ventures, Ironspring Ventures, Proeza Ventures, and Zenda Capital. 🗞️By Global Trade Magazine https://lnkd.in/gFw35wDT 👏 For the #FinancialInclusionChallengers reimagining inclusive financial services 🚀 Jaime Tabachnik I Guillermo Bosch I Pedro Bosch I Santosh Sankar I Federico Travella I Ty Findley I Iñaki García Llorente I Matt Silver I Team Solvento … #fintech #financialservices #paytech #latinamerica #latam #mexico #credit #ai #api #innovation
Solvento Secures $53.5M Funding for AI-Powered Trucking Solutions and Financial Inclusion
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In their recent article, my colleagues Dr. Ludwig Hausmann, Pete Gornall, Olivia Cardenal, Ann-Kathrin Baum, and Tobias Wolfel found that venture funding for logistics start-ups fell to just $2.9 billion in 2023—a two-year plunge of nearly 90 percent, and the lowest level of funding since 2015. Check out the below summary fromJOC.com ⬇️
McKinsey finds 90% pullback in logistics funding by VCs since pandemic | Journal of Commerce
mckinsey.dsmn8.com
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Are you worried you're not charging enough or too much for your products and services? See our latest insights on how to make your pricing strategy an asset that shapes your growth and market positioning. Alfred has the experience and expertise to help you capture the value you bring to customers. Let us discuss how in a free call: https://lnkd.in/em8eNJks #Pricingstrategy #Pricing #Valuepricing #Pricingtrends #Costplus
Pricing Strategies for Startups
alfred.ch
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🎉 We’ve successfully closed a Series B funding round, securing €10 million! Led by BlackPeak Capital and Catalyst Romania Fund II, with support from South Central Ventures and LEAD VENTURES, this investment will drive our expansion in Slovenia, Romania, and Hungary. 🌟 With this funding, #Leanpay is set to lead the digital consumer financing space in Central and Eastern Europe. Read more in the article below! #BNPL #finance #investment
Leanpay prejel 10-milijonsko investicijo. Kaj načrtujejo?
finance.si
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NowPurchase Raises $6 Million in Funding! 💰 Big news from the metal manufacturing space! NowPurchase has raised $6 million in a mix of equity and debt. The funding round was led by Info Edge Ventures, with support from Orios Ventures Partners, 100 Unicorns, and others. 🚀 About NowPurchase Founded in 2017 by Naman Shah and Aakash Shah, NowPurchase is transforming how metal manufacturers procure raw materials. Their SaaS platform, MetalCloud, optimizes the manufacturing process with real-time price discovery and quality assurance. 🛠️ What's Next? The new funding will be used to expand across India and launch new solutions. They're also planning to integrate AI into MetalCloud to enhance efficiency and serve over 250 factories. What do you think about NowPurchase's growth? Share below! 👇 #NowPurchase #FundingNews #MetalManufacturing #StartupSuccess
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The problems in supply chains are much more technically challenging then they first appear.
Scoop today in The Wall Street Journal: Digital freight broker Transfix is selling its brokerage business to NFI and resetting itself as a software provider. The sale is the latest in a string of setbacks for digital upstarts (Convoy Inc, NEXT Trucking) that only a few years ago threatened to disrupt trucking’s load-matching business. NFI's Dave Broering tells me Transfix handled about 60% of its loads through automation and kept costs of transactions so low it was able to win business from companies such as major beverage manufacturers. “It costs me more to move a load than they generate in gross margin on a load,” he said. “This is going to give us the ability to take that lower cost to serve and approach our customer with a new solution.” https://lnkd.in/e7rne8QB
Exclusive | Digital Freight Startup Transfix Sells Brokerage Unit
wsj.com
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Did you know? 📈 The last start-ups we assisted saw a 30% increase in their prices. 💼 And their investors? They were thrilled! 🎉 Too many start-ups and growth companies base their market launch on guesswork instead of pricing science. 🔎 With our PriceBeam studies, we helped companies uncover customers willing to pay more than the average. 💡Stop guessing, start knowing - Start a free trial ↓ 🌐 https://priceb.co/4cLaVXc #pricing #willingnesstopay
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Did you know...Perrier’s revenues 67x'd from $3 million in 1975 to $200 million in 1979 off the back of increased 'perceived value' to consumers (plus healthy distribution, of course) What's inside the bottle was and is...err....water. Which is pretty much the same as everyone else's water. That rings true for a lot of GenAI businesses today - hence the term 'wrapper'. So if you're competing on a playing field of 'perceived value' it's going to be hard to deliver either venture and/or enduring returns. Stitching these point-solutions together might make for a much more successful proposition for corporates and SMEs: the suite that makes it easy to say 'yes' to.
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New Post: Why Did Convoy Fail? - Introduction Overview of Convoy and its role as a digital freight brokerage Convoy was a digital freight brokerage company that aimed to revolutionize the trucking industry by connecting shippers and carriers through an online platform. The company was founded in 2015 and quickly gained traction, raising substantial funding from prominent investors. Convoy’s innovative technology and user-friendly interface attracted a large customer base, and the company seemed poised for success. Factors contributing to Convoy’s failure On the surface, Convoy’s failure is primarily due to a lack of funding. The company did face financial challenges towards the end, but the reason for […]- https://lnkd.in/gaSYucJ2
Why Did Convoy Fail?
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1wCongrats! 😊