Happy Friday.

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

Top News

Supply chain tech fundraising fell to $3.8 billion in 2023, down from 65% YoY.

UPS considers sale of Coyote Logistics after purchasing it for $1.8 billion in 2015.

Amer Sports, owner of Arc’teryx, Wilson, and Salomon, raised $1.4 billion in its IPO after pricing at $13 per share, below its $16-18 range.

Smaller Fundings

PRIMIS, a four-year-old London startup offering post-purchase services including tracking and returns, raised a $2.6 million Seed led by Fuel Ventures. More here.

Roboost, a four-year-old Cairo startup providing an AI-powered delivery management solution, raised a $3 million Seed led by Silicon Badia with participation from RZM Investment, Flat6Labs, and Saudi Angel Investors. More here.

Krepling, a five-year-old New York startup operating an eCommerce channel management platform, raised a $3.3 million Seed led by Bull City Venture Partners with participation from LAUNCH, Brickyard, Front Porch Ventures, and 11 Tribes Ventures. More here.

The Zero Proof, a five-year-old Atlanta startup providing an ecommerce marketplace for non-alcoholic beverages, raised a $5 million Series A led by Asahi Group Beverages & Innovation with participation from Overline and Springdale Ventures. More here.

Exits

Ryder [NYSE: R], the $5 billion public trucking company, acquired Cardinal Logistics, the Concord, NC provider of 3PL services. The transaction amount was undisclosed. Cardinal is reported to have generated $1.1 billion in revenue in 2022. More here.

H.I.G. Capital acquired DX Group, the U.K. provider of speciality delivery services, for $391 million. DX was trading on the London Stock Exchange before the take-private. More here.

Events

Feb 22 2024: re:Forge Manufacturing Startup Showcase

• Location: San Francisco

• Time: 6-8pm

• Description: Schematic Ventures is excited to host our next manufacturing startup showcase! During the event, the founders of San Francisco's top manufacturing startups will answer questions about their companies and the complexities of building and operating in the space.