Pakistan-based logistics tech platform Truck It In and Australian startup Shorthand have raised funding.
Pakistan’s Truck It In raises $1.5m
Pakistan-based logistics tech platform Truck It In has raised $1.5 million in its pre-seed round led by Global Founders Capital and Fatima Gobi Ventures, according to an announcement.
Deosai Ventures, BitRate VC, +92 Ventures, founders of autonomous driving firm Wayve, and senior executives from ride-hailing firm Careem also participated in the funding round.
The startup plans to use the funds to solve supply chain issues and digitise road freight in Pakistan.
Truck It In was founded in 2020 by executives who led operations for Careem and Bykea. The company focuses on simplifying road freight for over 3.3 million businesses in Pakistan.
Australian startup Shorthand raises $8m funding round
Shorthand, an Australian startup that owns a no-code platform allowing publishers and brands to create multimedia stories, has raised AUD$10 million ($8 million) from Fortitude Investment Partners.
This is Shorthand’s first institutional round of funding, and the company has been profitable for the past two years, according to TechCrunch.
The platform’s customers include the BBC, Dow Jones, the University of Cambridge, Nature, Manchester City FC and Peloton.
Fortitude Investment Partners specialises in growth capital investments in Australia and New Zealand.