Temando raises cash
E-commerce fulfillment software platform, Temando, has raised a $50 million Series B investment from Neopost S.A.
Temando will use the funds for further product development in Asia Pacific and continue its growth in the US and UK by leveraging Neopost’s global reach.
“We are thrilled to have the backing of such a major player in our industry,” said Carl Hartmann, Temando co-founder and CEO.
“As an Australian technology company we are proud of our heritage and wouldn’t be here today without the support of our ecosystem – retailers, agencies, carriers, and technology partners who have believed in our vision from the start and continue to inspire our product development into the future.
“Neopost’s strategic stake in Temando will help us continue improving the most complete and advanced fulfillment platform available today. Our technologies will enable retailers to deliver flexible, world-class experiences for their customers that save time and money,” Hartmann said.
Temando controls the delivery options consumers see in their shopping carts and fulfills orders across multiple couriers and inventory locations.
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