Inteluck, a Southeast Asian technology-driven logistics platform, has raised US$15 million in a Series B fundraising round. Creo Capital, a Hong Kong-based investment firm under New World Group, spearheaded the investment. East Ventures and Headline Asia are among the investors in this round. Favour Capital, a TMT boutique investment bank focused on China and Southeast Asia, served as the round’s exclusive financial advisor.
Inteluck assists customers and supplier partners identify and generate value at both ends by maximizing logistics efficiency using technology, data, and analytics. It supports a variety of logistics platform services, including FTL (full truckload) transportation, warehouse management, freight forwarding, and other bespoke supply chain services, thanks to its solutions.
Founded in 2014, the platform now serves over 250 companies in industries such as telecommunications, FMCG, manufacturing, e-commerce, express, and others. Inteluck integrates and optimizes resources based on technology empowerment and the substantial supplier partner network created in Southeast Asia over the last decade, lowering logistics costs and improving operational efficiency.
It primarily addresses issues such as excessive logistical costs, poor service, and a lack of technological support for businesses. At the same time, it helps over 5,000 supplier partners alleviate cash flow pressure by boosting the number of orders they receive.
Inteluck has continued to strengthen its penetration of the US$300 billion 3PL market, led by Kevin Zhang, the founder, who has extensive experience in logistics, supply chain, technology, and other cross-border business, and a core team with excellent functional experience from various international companies.
“Despite the fact that most businesses are hit by the epidemic and recruiting new consumers is more difficult, Inteluck has been able to increase revenues by 512 percent in the last three years. This is thanks to our team’s tireless efforts to serve customers with high-quality services at all hours of the day and night. And we’re increasing value for both clients and vendors by using order reconstruction, dispatch optimization, dynamic pricing, and other technologies,” said Zhang.
Headquartered in Singapore, Inteluck has expanded into the Philippines, Thailand and others.