Jumppoint, a Hong Kong-based digital integrated logistics startup, has closed its $6.5 million Series A funding round led by MindWorks Capital.
Headline Asia, Chinachem Group, Philip Kuai (Founder of Dada Nexus) and Hong Kong SAR Government Innovation and Technology Venture Fund attended.
The funding will be used to expand Jumppoint’s team and enhance the capabilities of its platform, alongside strengthening local operations and further expanding its services in Thailand, Singapore and Malaysia through a roll-up strategy.
“This funding will allow us to continue to invest in our technology and bring even more value to our customers,” said Founder and CEO Samson Ho.
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Founded in 2020, Jumppoint provides a one-stop platform for express, warehousing, fulfillment and cross-border logistics services. It aggregates long-tailed logistic service providers and optimizes the operational efficiency of its partners by offering a standardized operating system.
It has also expanded into the cross-border e-commerce logistics market with proprietary international freight forwarding and CBEC logistics network capacity.
The company has developed its own dynamic route optimization engine and demand prediction engine that have increased logistics efficiency and reduced costs by up to 40 percent.
The company currently fulfills over 200,000 orders per month and manages approximately 400,000 square feet of warehouse space. With annual growth exceeding 300 percent, Jumppoint claims it’s on track to reach profitability by Q3 2023.
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Postal logistics platform for e-commerce retailers Jumppoint Raises $6.5M, appeared first on e27.