PR94205

SINGAPORE and MANILA, Philippines and BANGKOK, Jan. 26, 2022 /PRNewswire=KYODO JBN/ --

Inteluck, a Southeast Asian technology-driven logistics platform, said today

that it has raised US$15 million in a Series B fundraising round. Creo Capital,

a Hong Kong-based investment firm under New World Group, spearheaded the

investment. East Ventures and Headline Asia are among the investors in this

round. Favour Capital, a TMT boutique investment bank focused on China and

Southeast Asia, served as the round's exclusive financial advisor.

Inteluck delivers premier technology-driven logistics platform solutions that

assist customers and supplier partners identify and generate value at both ends

by maximizing logistics efficiency using technology, data, and analytics.

Inteluck supports a variety of logistics platform services, including FTL (full

truckload) transportation, warehouse management, freight forwarding, and other

bespoke supply chain services, thanks to its solutions. Inteluck, which was

founded in 2014, now serves over 250 well-known companies in industries such as

telecommunications, FMCG, manufacturing, e-commerce, express, and others.

Inteluck can integrate and optimize resources based on technology empowerment

and the substantial supplier partner network created in Southeast Asia over the

last decade, lowering logistics costs and improving operational efficiency. It

primarily addresses issues such as excessive logistical costs, poor service,

and a lack of technological support for businesses. At the same time, it helps

over 5,000 supplier partners alleviate cash flow pressure by boosting the

number of orders they receive.

Inteluck has continued to strengthen its penetration of the $300 billion 3PL

market, led by Kevin Zhang, the founder, who has extensive experience in

logistics, supply chain, technology, and other cross-border business, and a

core team with excellent functional experience from various international

companies.

"Despite the fact that most businesses are hit by the epidemic and recruiting

new consumers is more difficult, Inteluck has been able to increase revenues by

512 percent in the last three years. This is thanks to our team's tireless

efforts to serve customers with high-quality services at all hours of the day

and night. And we're increasing value for both clients and vendors by using

order reconstruction, dispatch optimization, dynamic pricing, and other

technologies," said Kevin Zhang, Inteluck's Founder and CEO.

Headquartered in Singapore, Inteluck has expanded to the Philippines, Thailand

and others. As it expands its footprint across Southeast Asia, the company

anticipates tremendous growth in the next years.

"As the world grapples with unforeseen supply chain uncertainties and rapidly

changing customer demands, Inteluck's robust data-driven platform and vast

network provides suppliers and enterprises a cost-effective way to optimize

operations and reduce inefficiencies. Inteluck's strong management team and

solid product aligns well with Creo's strategy of investing in transformative

companies led by pioneering entrepreneurs. We believe Inteluck has the

potential to become a leading logistics solution provider in Southeast Asia in

the future," said Christopher Cheng, Managing Partner of Creo Capital.

"We are excited to back Inteluck and be part of Kevin's team in addressing

logistics pain points. Inteluck's technology- and data-driven platform helps

both logistics and shipper companies to optimize entire supply chain in more

efficient and transparent. We look forward to Inteluck's next milestones," said

Willson Cuaca, Co-Founder and Managing Partner of East Ventures.

"We have followed Kevin from the very early days of Inteluck. Kevin's team has

grown despite the challenges of Covid and is now poised to become a major B2B

logistics technology company that spans across SE Asia. We are excited to join

the new round that will further accelerate the expansion," said Akio Tanaka,

Partner of Headline Asia.

"It is our great honor to work alongside Inteluck for this round of fundraise.

We firmly believe that Inteluck can continue to leverage on their strong data

and technological advantage to help shippers and trucking companies navigate

through the ever-changing complexities and contribute to the strengthening of

the infrastructure for the logistics sector in Southeast Asia," said Eric Fang,

Founding Partner of Favour Capital.

About Inteluck For further information, please visit https://www.inteluck.com/

source:  Inteluck

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   Caption: Inteluck Founder and CEO Kevin Zhang