TradeGecko raises US$6.5mil in Series A
By Digital News Asia April 21, 2015
- NSI Ventures and Jungle Ventures lead round
- Adds former Autodesk head of M&A integration as COO
INVENTORY management system startup TradeGecko has announced a US$6.5-million round of Series A financing led by NSI Ventures and Jungle Ventures.
The new funding will support its global and product expansion, TradeGecko said in a statement.
In its 2015 fiscal year, TradeGecko experienced over 1,100% year-on-year growth, with customers in over 100 countries and nearly US$1 billion in transactions, the company claimed.
The company was established in January 2012, and in December that year received US$1.2 million in seed funding by Jungle Ventures, 500 Startups, Golden Gate Ventures, and WaveMaker Labs.
Already a 60-person team with offices in Singapore and Manila, the company aims to expand to over 200 employees with the assistance of Nathalie Benzing, former global head of post-merger/ M&A integration at Autodesk, who recently joined TradeGecko as chief operating officer.
Other key priorities for FY2016 include the strategic establishment of offices in the United States, Australia and Hong Kong, and the launch of additional initiatives and partnerships for the TradeGecko platform.
“We feel TradeGecko’s product is a best-in-class supply chain solution for global SMEs (small and medium enterprises),” said NSI Ventures partner Shane Chesson.
“We are pleased to invest in the company to help it manage its rapid network growth and deepen its product through new features and partnerships,” he added.
Jungle Ventures managing partner Amit Anand said, “TradeGecko has as a bright future as the leading provider of cloud-based, mobile software for retailers and wholesalers in the ever-growing and complex world of global e-commerce.
“We are excited to partner with this dynamic team,” he added.
TradeGecko is an online and mobile platform that equips retailers and wholesalers with cloud-based software for managing each step of the commerce cycle. It combines an inventory management suite with mission-critical systems.
TradeGecko users can integrate existing accounting, e-commerce and shipping systems like Quickbooks, Xero, Shopify, Bigcommerce and ShipStation to streamline business operations, consolidate siloed systems, and create a single source point for inventory and orders.
“We’re delighted to partner with a group of experienced and passionate investors who share our vision at TradeGecko of making wholesale buying as effortless as shopping on Amazon,” said TradeGecko chief executive officer and cofounder Cameron Priest.
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