PE Fund Investments
Kale Logistics raises $30-M in Series B led by Creaegis Advisors
Mumbai-based SaaS startup Kale Logistics has attracted USD 30 million in a Series B funding round led by Creaegis (via Creaegis Advisors LLP). Kale will use the fresh funds to expand its business reach across the US and Europe. The 13-year-old Kale Logistics provides software to the logistics and airports industry. Its tech solutions help reduce complexities involved in the cargo logistics processing at airports, seaports and customs checkpoints. Currently, it is present at over 100 airports and ports worldwide, serving over 5,500 clients across 36 countries. In June 2020, the firm raised USD 5 million in a Series A round led by Inflexor Ventures. The company also raised a small tranche in September last year at a valuation of USD 75 million.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
