Kale Logistics Solutions raises USD 30 Mn in Series B Investment led by Creaegis

THANE, India - Sept. 19, 2023 - PRLog -- Global vertical SaaS logistics platform provider, Kale Logistics Solutions (Kale) is pleased to announce the successful completion of its Series B funding round, raising USD 30 million in capital led by Creaegis Advisors LLP. This funding round represents a significant milestone in the company's journey and positions it for rapid expansion and continued innovation. The company had earlier raised a Series A investment from Inflexor Ventures in 2020 and counts marquee founding angels Narendra Kale and Vipul Jain.

The investment will fuel Kale's mission to develop and deploy robust Cargo Community Systems to transform global logistics beyond regional boundaries.

Vipul Jain, Chairman, Kale Logistics Solutions, said, "This is our second fundraising with an external investor, and we are happy to partner with Creaegis because of the alignment of vision for the business, their record and understanding of the SaaS and tech products space globally. We are confident they will add value to the company as we shift gears towards a faster growth trajectory."

Prakash Parthasarathy, Managing Partner & CEO of Creaegis, said, "The global logistics industry is undergoing a rapid digital disruption with a need for intelligent automation and end-to-end visibility through all nodes. This transformation is led by smart and centralized technology platforms. Kale, with its category defining Cargo Community Platforms and suite of SaaS solutions, is leading this disruption by digitizing and automating end-to-end cargo operations in airports and seaports. We are excited to support the company in their next phase of global growth and planned expansion in North America and Europe."

This Series B funding round of Kale has been exclusively advised by Cilix Capital, an international investment banking firm that assists companies as well as institutional investors with capital-raising and M&A.

For more details, visit - https://kalelogistics.com/kale-logistics-solutions-raises...