Jumppoint Founder and CEO Samson Ho
Jumppoint, a Hong Kong-based digital integrated logistics startup, has completed its US$6.5 million Series A funding round led by MindWorks Capital.
Headline Asia, Chinachem Group, Philip Kuai (Founder of Dada Nexus), and the Innovation and Technology Venture Fund of the Hong Kong SAR Government participated.
The funding will be used to expand Jumppoint’s team and enhance the capabilities of its platform, besides strengthening local operations and further expanding its services in Thailand, Singapore, and Malaysia through a roll-up strategy.
“This funding will allow us to further invest in our technology and bring even more value to our customers,” said Founder and CEO Samson Ho.
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Founded in 2020, Jumppoint offers a one-stop platform covering express, warehousing, fulfilment, and cross-border logistics services. It aggregates long-tailed logistics service providers and optimises its partners’ operational efficiency by offering a standardised operating system.
It has also expanded into the cross-border e-commerce logistics market with proprietary international freight forwarding and CBEC logistics network capability.
The company has built a proprietary dynamic route optimisation engine and demand prediction engine, which have increased logistics efficiency and reduced cost by up to 40 per cent.
The firm currently handles over 200,000 orders per month and manages approximately 400,000 sq ft of warehouse space. With year-over-year growth of over 300 per cent, Jumppoint claims it is on track to reach profitability by Q3 2023.
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