While the Peach State capital is known for a wide range of things, Atlanta proved last month why it’s called the “supply chain city.” May’s top funding rounds in the city’s tech space spanned industries like security and decentralized finance, but the bulk of last month’s funding went to players in the logistics space. Check out what these companies are planning next.
#5. $2.5 million, May 19
With a decentralized finance software and dataset platform in the works, Digital Opportunities Group secured $2.5 million in capital from professional gambler Haralabos “Bob” Voulgaris. As the company makes plans to innovate the digital asset space, Digital Opportunities Group has yet to decide just what the new funding will be for. It has recently brought on new advisors to its board including Roxton McNeal of UPS Group Trust and Johnny Wu of Quartzy Capital Advisors.
#4. $21 million, May 13
The security company is building software that works to bridge the gap between privacy and security, and enable law enforcement to use public and private video feeds to help solve crimes. Fusus recently raised $21 million in new capital that will help it to deploy its software in 160 U.S. cities by year’s end. The company’s also planning to grow its team from 80 to 120 people. It hopes to fuel global expansion as well as enter new markets such as corrections.
#3. $25 million, May 9
Vegan food brand Slutty Vegan has made a range of moves over its four-year existence. From launching a line of CBD gummies to its upcoming plant-based cookbook, the restaurant chain’s next stage of growth can start thanks to a fresh round of capital. Having sold some of its products at Target, Slutty Vegan’s Series A round will allow the company to open 10 brick-and-mortar locations this year and another 10 next year.
#2. $110 million, May 10
Working to streamline warehouse and logistics tasks with the help of robotics, GreyOrange raised a growth financing round for its AI-based tech. Serving enterprise customers like Walmart and H&M, the company is putting this new capital toward delivering its solution to meet increased customer demand, reaching new partners and accelerating its product roadmap with a growing suite of software solutions and predictive analytics tools.
#1. $120 million, May 2
Stord offers enterprise clients a centralized logistics solution that aims to help brands unify their needs across freight and fulfillment to warehousing and packaging. The Series D funding round, led by Franklin Templeton, will help Stord expand its team and grow its headcount to over 1,000 by the end of this year. It’s also investing in building a new software product to help companies improve their warehouse operational efficiency.
