KOKKANLOGIS Secures Seed Funding Round
KOKKANLOGIS, a South Korea-based startup that provides an AI-based freight brokerage platform, has secured seed funding.
The investment was from 500 Global.
Founded in 2010, 500 Global is a venture capital firm with over $2.7B in assets under management that invests in founders building fast-growing technology companies. The firm is based in San Francisco, California.
The company will use the funding to further develop and expand its AI-based platform, Primo.
Founded by Jayeong Kim, KOKKANLOGIS focuses on digitizing freight transportation to support more efficient and transparent freight transactions. The company offers AI-based freight brokerage platform, called ‘Primo,’ provides various services to shippers and drivers, leveraging AI and big data technologies to enhance the logistics experience. Primo offers shippers a variety of services, including smart freight order registration through multiple methods, AI-powered dispatching, transport fare suggestions based on big data, real-time freight tracking, electronic receipts, and freight transport PKI (Public Key Infrastructure).
Funding Details
Company: KokkanLogis Co., Ltd.
Raised: Undisclosed
Round: Seed Round
Funding Month: June 2024
Lead Investors: 500 Global
Additional Investors:
Company Website: https://www.kokkanlogis.co.kr/
Software Category: AI Freight Brokerage