Scheduled Shipment #14 (4/5/24)

Amazon nixes "Just Walk Out" checkout, USPS goes with UPS over FedEx

Happy Friday.

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

Top News

USPS chooses UPS as primary air freight provider, after two decade long relationship with FedEx.

Brick-and-mortar Amazon Fresh stores are removing automatic “Just Walk Out” checkout.

Uber Freight hires Dan Annunziata to expand commercial and final-mile business.

Number of the Week

348

Investors in “Global Commerce” deals in Q1 2024

Mid-Size Fundings

TerraClear, a 7-year-old Issaquah, WA startup that offers rock picking automation for farmers, raised a $15.3 million Financing led by Madrona Venture Group and Brent Fei. More here.

Smaller Fundings

SiB Solutions, a 7-year-old Lund, Sweden startup that provides supply chain visibility, raised a $1.4 million financing led by Scania Growth Capital. More here.

ONO, a 3-year-old Bengaluru, India startup that provides an agriculture market intelligence platform, raised a $1.3 million Seed led by Aeravti Ventures with participation from Indigram Labs Foundation. More here.

Alrik, a 2-year-old Stockholm, Sweden startup that provides a logistics optimization platform, raised a $1.1 million Seed led by Pi Labs. More here.

Exits

Avetta, a 21-year-old Lehi, UT startup that provides a contractor risk management platform, was acquired for $3 billion by private equity firm EQT. Avetta had raised $35 million in venture funding prior to the acquisition. More here.

OCR Services, a 43-year-old Rockville, MD startup that provides trade compliance software, was acquired for $90 million by Descartes Systems Group, a logistics and SaaS provider. More here.

Amify, a 14-year-old Cincinnati, OH startup that provides Amazon optimization and advertising solutions, was acquired for an undisclosed amount by Cart.com, a unified commerce provider. Amify had raised $18 million in venture funding prior to the acquisition. More here.

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