Logistics Scores A New Unicorn For B2B Startups | PYMNTS.com
29 March 2019 12:27 PM IST
B2B startups saw over $690 million in venture capital investments this week, with logistics firm Delhivery raising the most funding and securing unicorn status.
- (AP) automation firm MineralTree and treasury management company Kyriba , but it was the logistics market that saw the largest venture capital round - and secured another unicorn for the B2B startup space.
- Below, see how more than $690 million landed across the market, with corporate travel, small business (SMB) cybersecurity and trade finance also securing new funds.
- Existing backers .406 Ventures and Eight Roads also participated in MineralTree's latest investment, which the firm plans to use to focus on growth acceleration and expand its presence in the AP automation space for middle-market corporate customers.
- With a focus on mid-to-large original equipment manufacturing (OEM) firms, Zetwerk addresses companies' machinery procurement needs when off-the-shelf products don't cut it.
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