e27: Boeing’s VC arm leads supply chain platform Quincus’s second tranche of Series B round
Quincus provides the logistics industry with a machine-learning-enabled platform that optimises and automates shipping operations.
Quincus, a Singaporean startup that provides an enterprise SaaS platform for the supply chain industry, today announced the second close of its ongoing Series B funding round.
AEI HorizonX, the corporate VC arm of aeroplane honcho Boeing, led the round. It was joined by existing investors UP.Partners and GGV Capital.
Quincus will use the proceeds from this round to expand its global footprint, especially in the US.
This round comes just over a month after it announced the initial close of the Series B round in September-end.
Established in 2014 by Jonathan E. Savoir and Katherina-Olivia Lacey, Quincus provides the logistics industry with a machine-learning-enabled platform that optimises and automates shipping operations. Companies can automate manual tasks and maximise resources across supply chains using its technology.
The startup has worked closely with several household e-commerce, logistics, airline, and freight brands in Singapore, Indonesia, Malaysia and Vietnam.
Headquartered in Singapore, Quincus has a presence in Indonesia, Malaysia, Mexico, Taiwan, Vietnam, the UAE, the UK, and the US.
AEI HorizonX was formed in 2017 and provides early-stage companies with access to resources and opportunities. Quincus marks its first investment in a new company under its management by AE Industrial Partners, a PE firm specialising in aerospace, defense and government services, space, power & utility services, and speciality industrial markets.
Beckett Jackson, a director at AEI HorizonX, said: “With our deep experience in current and future air platforms, AEI HorizonX and Boeing will create a unique partnership with Quincus to explore the future of cargo delivery. We look forward to working closely with Jonathan and his entire team.”