Kale Logistics Eyes US and Europe with Fresh $30M Funding
Kale Logistics Solutions, a logistics-focused SaaS firm, has made headlines by raising $30 million in a Series B funding round led by the private equity fund Creaegis Advisors.
As per the startup, the freshly raised funds will be used to expand its business reach across the US and Europe.
The funding will fuel its mission to develop and deploy Cargo Community Systems to transform global logistics beyond regional boundaries, claims the startup.
Kale Logistics Solutions | Logistics-focused SaaS firm
Co-founded by Amar More, Rajesh Panicker, and Vineet Malhotra, Kale Logistics Solutions offers cloud-based tech solutions to the logistics and airports industry. It provides cutting-edge technology solutions to the global logistics and supply chain network.
Speaking about the development, the co-founders of Kale Logistics Solutions, in a joint statement, shared their excitement to have partnered with Creaegis for their global expansion, leveraging their operational value add and SaaS experience.
They added,
“Together with our esteemed group of existing investors, we are well positioned for the next phase of growth. The current funding will empower us to accelerate our mission of connecting the different stakeholders of the logistics industry through our community platforms and empower them with several digital value-added services and enterprise systems to facilitate global trade.”
As per the startup, its offerings, which include several similar SaaS solutions, help reduce complexities involved in the cargo logistics processing at airports, seaports, and customs checkpoints.
Cargo Community Platform, its flagship product, offers a single source of data to support operational flows and facilitate the paperless exchange of trade-related data between two parties.
Statement from the Investor
Commenting on the development, Prakash Parthasarathy, Managing Partner & CEO of Creaegis, highlighted the rapid digital disruption the global logistics industry is undergoing, emphasizing the need for intelligent automation and end-to-end visibility through all nodes.
Parthasarathy added,
“Kale, with its category-defining Cargo Community Platforms and suite of SaaS solutions, is leading this disruption by digitising and automating end-to-end cargo operations in airports and seaports. We are excited to support the company in their next phase of global growth and planned expansion in North America and Europe.”
Highlighting itself as a leader in designing digital trade platforms built on sustainability and data harmonization goals, the logistics-focused SaaS firm claims to have 5,500 clients in over 36 countries.
Currently, the logistics-focused SaaS firm is present at over 100 airports and ports worldwide.
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