Inteluck, Technology-driven Logistics Platform in Southeast Asia, Announced $15 Million Series B Funding
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
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