Quincus Raises Series B Funding; Valued at Over US$100M
- Quincus, a Singapore-based provider of an enterprise class global supply chain management platform, closed an undisclosed Series B fundraise at a valuation of over US$100m
- The round was led by UP.Partners – a US-based electrification and mobility fund, with participation from existing investor GGV Capital
- The company intends to use the funds to grow its team to over 400 people, invest in market expansion across the Americas, South Korea, and Japan by 2022
- The company is an Enterprise SaaS platform to solve logistics problems for logistics providers, e-commerce, airlines, freight, and household brands worldwide
- Using its configurable and modular technology, companies can automate manual tasks, maximize resources across supply chains, and build business resilience
- Around technology investment, the company will further enhance its multi-mile offerings by strengthening its real-time visibility and machine learning optimization platforms
