SaaS logistics platform provider, Kale Logistics Solutions on Tuesday announced the completion of its Series B funding round, raising $30 million in a round led by Creaegis Advisors LLP, a digital and tech focused private equity fund. The company had earlier raised a Series A investment from Inflexor Ventures in 2020.
The investment will fuel Kale’s mission to develop and deploy robust Cargo Community Systems to transform global logistics beyond regional boundaries.
The company boasts of developing cutting-edge vertical SaaS solutions for the global logistics industry primarily targeting airports and seaports. Its product and cloud applications have driven significant digital transformations in more than 100 airports and ports globally. With marquee clients in over 36 countries, Kale designs digital trade platforms built on sustainability and data harmonisation goals led by trade bodies such as the United Nations, IMO, IATA, ICAO, WTO and FIATA.
Vipul Jain, Chairman, Kale Logistics Solutions said in a statement, “This is our second fundraising with an external investor. We are confident this will add value to the company as we shift gears towards a faster growth trajectory.”
Prakash Parthasarathy, Managing Partner & CEO of Creaegis, said, “The global logistics industry is undergoing a rapid digital disruption with a need for intelligent automation and end-to-end visibility through all nodes. This transformation is led by smart and centralized technology platforms. We are excited to support the company in their next phase of global growth and planned expansion in North America and Europe.”
Kale’s vision is to significantly reduce the complexities involved in cargo movement and its allied processes at airports and seaports by using their cloud-native integrated platforms and ERP solutions for all stakeholders. The solutions enable collaboration in real-time while providing end-to-end visibility of every process and shipment on the move.
Amar More, Rajesh Panicker, and Vineet Malhotra, Co-founders of Kale Logistics Solutions, said jointly, “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.”
They further added, “With the right team on our side and the amazing customer confidence we enjoy, we believe that our ground-breaking technology innovation will shape the future of the logistics industry.”
