Lithuanian GoRamp, a SaaS solution designed to address the challenges faced by manufacturers at every level of the supply chain, has successfully raised a €2.7 million late seed round. The round was led by Lead Ventures with participation of existing investors Willgrow, Startup Wise guys & Presto ventures.
The funds from this round will be strategically deployed to accelerate GoRamp’s growth in key European markets, where the company sees significant opportunities for expansion. Additionally, GoRamp aims to strengthen its foothold in the US market, capitalising on the growing demand for its products.
“With low competition in the SME market and our loyal customer base, we see this as the perfect timing opportunity to drive rapid growth not only in Europe but also on a global scale. We are delighted that Lead Ventures and our existing investors share our vision and have provided substantial support to expand into new markets and deliver even greater value to our existing and potential customers,” stated Jevgenij Polonis, CEO & Co-Founder.
Despite advancements in technology, manufacturing companies continue to struggle with outdated and non-digitized logistics processes. The reliance on manual paperwork, inefficient tracking systems, and a lack of real-time visibility result in higher costs, costly errors, and operational inefficiencies across the entire logistics chain. Recognizing this industry challenge, GoRamp stepped in to provide valuable solutions to customers already in over 20 countries worldwide. Through their platform companies can automate logistics procurement, reduce expenses tied to warehouse congestions and make data-driven decisions that optimize the entire supply chain.
“When considering investing into Goramp we were impressed by the outstanding team and the results that they could deliver even as an early-stage company. Goramp disrupted the transportation and logistics industry, which has a huge potential, but has been lagging in terms of digitization until recently. Goramp’s modular platform is very sticky among logistics professionals globally due to the seamless user experience and the benefits, which come from the increased transparency and better overview about the logistic processes. We look forward to joining them on their journey to expand on new markets and to help them increase their global footprint in the era of logistics digitization,” stated Kristóf Székely, partner of Lead Ventures.
Founded in 2017, GoRamp is confident that the additional funding, combined with its proven global track record and commitment to innovation, will enable the company to capitalize on market opportunities and achieve significant growth.
Read the orginal article: https://www.eu-startups.com/2023/07/vilnius-based-goramp-ramps-up-e2-7-million-to-accelerate-growth-in-key-european-logistics-markets/
