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CHICAGO, April 15, 2021 /PRNewswire/ Logiwa, the leading cloud fulfillment platform for high-volume direct-to-consumer businesses, today announced that it has raised $8.5 million to meet rising demand for cloud DTC fulfillment solutions.
Valor Siren Ventures, an early-stage food, food technology, and retail technology fund, led the round with participation from Spider Capital, Runway Venture Partners, Launch Capital, and Otimo Retail. This investment brings the company s total funding to $13.1 million. Jonathan Shulkin, Partner and Fund Manager at Valor Siren Ventures, will join the company s board.
Online sales have accelerated as the COVID-19 pandemic forced consumers to buy online during lockdowns. As orders increased, many brands, online sellers, 3PLs, and fulfillment networks learned that their existing WMS were not flexible enough to support and scale high-volume, omnichannel DTC fulfillment.