Quincus co-founder Katherina-Olivia Lacey
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.
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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.
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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.”
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Image Credit: Quincus
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