Total amount raised
$9.5 Millions
Latest funding date
02/01/2022
Location
GoComet has successfully raised funds through a Series A round, attracting a total of 12 investors, including Krishna Capital & Securities and Jetty Ventures. The platform specializes in AI-powered supply chain visibility and automation, offering tools for planning, execution, and auditing.
Keep reading to explore the intricacies of GoComet's fundraising journey and the investors backing this innovative platform.
What Is GoComet?
GoComet, founded in December 2018, is headquartered in Singapore and Newark, NJ. The company specializes in AI-powered supply chain visibility and automation, offering tools for freight rate negotiations, shipment tracking, and invoice reconciliation.
Founded by Ayush Lodhi, Chitransh Sahai, Gautam Prem Jain, and Mehul Katiyar, GoComet aims to create process resilience and drive cost savings for enterprises. Their platform provides real-time visibility, predictive ETAs, and automation tools for supply chain management.
With a team of 101-250 employees, GoComet continues to innovate in the logistics sector, helping companies navigate supply chain disruptions and achieve cost savings.
How Much Funding Has GoComet Raised?
- Seed Round
- Amount Raised: $300K
- Date: December 2016
- Lead Investors: India Quotient
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the business model.
- Seed Round
- Amount Raised: $2.2M
- Date: July 2019
- Lead Investors: August One, Leo Capital, SGInnovate
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series A
- Amount Raised: $7M
- Date: February 2022
- Lead Investors: Rider Global, Atlas Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform, accelerate customer growth, and expand into the US and European markets.
Total Amount Raised: $9.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Rider Global
- Details: Rider Global is a venture capital firm that focuses on investing in companies providing innovative solutions to significant industry problems. Timur Boridko, Managing Partner, has expressed confidence in GoComet's ability to deliver cost savings and solve logistics pain points.
- Investment Focus Areas: Logistics, supply chain management, technology solutions.
- Notable Investments: Not publicly disclosed.
- Atlas Ventures
- Details: Atlas Ventures is a venture capital firm specializing in investing in technology-driven companies. Maxim Shkvaruk, Director, highlighted the unique AI-powered platform developed by GoComet to address logistical challenges.
- Investment Focus Areas: AI, machine learning, technology solutions.
- Notable Investments: Not publicly disclosed.
- August One
- Details: August One is a venture capital firm that invests in early-stage technology companies. They participated in GoComet's seed round to help expand the team and enhance the platform's capabilities.
- Investment Focus Areas: Technology, early-stage startups, innovation.
- Notable Investments: Not publicly disclosed.
- Leo Capital
- Details: Leo Capital is a venture capital firm that focuses on investing in technology and internet companies. They have been involved in multiple funding rounds for GoComet, supporting its growth and development.
- Investment Focus Areas: Technology, internet companies, early-stage startups.
- Notable Investments: Not publicly disclosed.
- SGInnovate
- Details: SGInnovate is a venture capital firm that invests in deep tech startups. They participated in GoComet's seed round to help the company expand its team and enhance its platform.
- Investment Focus Areas: Deep tech, AI, machine learning.
- Notable Investments: Not publicly disclosed.
What's Next for GoComet?
GoComet's future looks promising as it aims to expand its customer base in the US and Europe, leveraging its AI-powered platform to address global supply chain challenges. The $7 million Series A funding will be pivotal in enhancing the platform's capabilities and attracting key talent, positioning GoComet as a potential global leader in multi-modal logistics solutions.
With the increasing need for supply chain resilience and real-time tracking, GoComet is well-placed to capitalize on these industry trends. The successful Series A round sets a strong precedent for future fundraising opportunities, which will be essential for supporting further technological advancements and market expansion.
However, GoComet will face challenges such as competition from other logistics tech providers and the complexities of scaling operations while maintaining service quality. Navigating regulatory differences in new regions will also be crucial as the company continues its growth trajectory.
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