Scheduled Shipment #10 (3/8/24)

Target offers same-day delivery, Houthis sink a ship, Asian companies struggle to build in the US

Happy Friday.

Scheduled Shipment brings you latest updates in global commerce, supply chain, and logistics.

Top News

Target announced free same-day delivery after reporting its first sales decline since 2016.

The Rubymar, a Belize-flagged ship, is the first to sink in the Red Sea Crisis.

Despite incentives, Asian companies struggle to build in the U.S.

Massive Fundings

Salla, an eight-year-old Saudi Arabia startup providing an ecommerce enablement platform raised a $130 million financing led by Investcorp with participation from STV and Sanabil Investments. More here.

Unseenlabs, a nine-year-old Rennes, France startup that operates maritime surveillance systems, raised a $92 million Series C led by Supernova Invest, ISALT, and UNEXO with participation from Omnes Capital, UI Investissement, S2G Ventures, and 360 Capital. More here.

Intenseye, a six-year-old New York startup providing computer vision for workplace safety, raised a $64 million Series B led by Lightspeed Venture Partners with participation from Insight Partners, Point Nine, and Air Street Capital. More here.

RobCo, a four-year-old Munich startup providing robots for manufacturing automation, raised a $42.5 million Series B led by Lightspeed Venture Partners with participation from Sequoia Capital, Kindred Capital, and Promus Ventures. More here.

Mid-Size Fundings

Bene Bono, a four-year-old Paris startup providing a fresh produce marketplace and logistics services, raised a $10.8 million financing led by AXA Venture Partners with participation from 2050, Stride VC, and Project A. More here.

CredAble, a seven-year-old Mumbai, India startup offering a supply chain finance platform, raised a $10 million financing led by Equentia Natural Resources. More here.

Smaller Fundings

Elevated Signals, an eight-year-old Vancouver startup that provides an ERP system for cannabis manufacturers, raised a $5.86 million Series A led by Yaletown Partners with participation from Third Kind Venture Capital, WGD Capital, Raiven Capital, Colin Harris, and Atrium Ventures. More here.

Pimberly, a 25-year-old Manchester, U.K. startup offering a product information management platform, raised a $5.05 million financing led by Mercia Asset Management and Northern Venture Trust. More here.

Exits

Bollore Logistics, a 38-year-old Paris, France startup that provides transport and logistics services, was acquired by CMA CGM. More here.

Hi-Crush, a 14-year-old Houston, TX startup providing sand logistics services for the petroleum industry, was acquired by Atlas Energy Solutions [NYSE: AESI], the $2.9B public sand logistics services provider, for a $450M purchase price. More here.

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