How Much Did Pando Raise? Funding & Key Investors

Pando has successfully raised significant funding over three rounds, with notable investors including N47, Iron Pillar, and Uncorrelated Ventures. The company specializes in AI-driven logistics solutions, offering products like AI agents for freight procurement and transportation management.

Keep reading to explore the intricacies of Pando's fundraising journey and the investors backing this innovative platform.

What Is Pando?

Pando is a private company based in Chicago, Illinois, specializing in AI-driven logistics solutions. The company operates in various industries, including Artificial Intelligence, Enterprise Software, Freight Service, Logistics, Supply Chain Management, and Transportation. With an employee count ranging from 251 to 500, Pando is making significant strides in the logistics sector.

Known for its suite of AI agents branded as "Pi," Pando aims to control costs, enhance customer experience, and reduce emissions. The company has been recognized as a Visionary in the 2025 Gartner® Magic Quadrant™ for Transportation Management Systems, underscoring its industry-specific expertise and commitment to innovation.

How Much Funding Has Pando Raised?

1. Seed Round
   • Amount Raised: USD 2,000,000
   • Date: April 2018
   • Lead Investors: Nexus Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial version of their AI-driven logistics platform and acquire early customers.
2. Series A
   • Amount Raised: USD 8,000,000 (approx. INR 640,000,000)
   • Date: January 2020
   • Lead Investors: Chiratae Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the business, enhance the platform, and expand the customer base.
3. Series B
   • Amount Raised: USD 30,000,000
   • Date: May 2023
   • Lead Investors: Iron Pillar, Uncorrelated Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To drive growth across geographies and industries, and to enhance supply chain agility, efficiency, and resilience.

Total Amount Raised: USD 40,000,000. Current Valuation: Not publicly disclosed.

Key Investors

• Iron Pillar
  • Details: Iron Pillar is a Silicon Valley-based venture capital firm that led Pando's Series B funding round. The firm focuses on growth-stage technology companies with a global outlook.
  • Investment Focus Areas: Technology, Growth-stage companies, Global market.
  • Notable Investments: Not specified in the sources.
• Uncorrelated Ventures
  • Details: Uncorrelated Ventures is another Silicon Valley-based venture capital firm that participated in Pando's Series B funding round. The firm invests in technology-driven companies.
  • Investment Focus Areas: Technology, Innovation, Startups.
  • Notable Investments: Not specified in the sources.
• Nexus Venture Partners
  • Details: Nexus Venture Partners is a venture capital firm that seeded Pando in 2018. The firm invests in early-stage and growth-stage companies across various sectors.
  • Investment Focus Areas: Technology, Consumer sectors, Early-stage companies.
  • Notable Investments: Delhivery, Druva, Postman.
• Chiratae Ventures
  • Details: Chiratae Ventures is a venture capital firm with a focus on early-stage technology investments. The firm has been an existing investor in Pando.
  • Investment Focus Areas: Technology, Startups, Early-stage companies.
  • Notable Investments: CureFit, Lenskart, Myntra.
• Next47
  • Details: Next47 is a global venture firm backed by Siemens. The firm participated in Pando's Series B funding round.
  • Investment Focus Areas: Innovative technology, Industrial solutions, Enterprise solutions.
  • Notable Investments: Formlabs, Markforged, Verkada.

What's Next for Pando?

As Pando looks to the future, the company is poised to capitalize on the burgeoning logistics tech market, projected to reach $25 billion by 2025. With its AI-powered Fulfillment Cloud platform, Pando aims to streamline supply chain processes for a diverse range of industries, including manufacturing, retail, and third-party logistics providers. The company’s expansion into new geographies, particularly North America and Europe, presents significant growth opportunities.

Given the strong market potential and Pando's recent success in securing $30 million in Series B funding, future fundraising rounds seem likely. These additional funds could support further expansion and technological advancements, ensuring Pando remains at the forefront of supply chain innovation. However, the company will need to navigate challenges such as competition from legacy providers and the complexities of scaling operations across multiple regions.

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