Inteluck, a Southeast Asian third-party logistics player, has raised $34 million in a Series C funding round led by Philippines-focused private equity firm Navegar.
The company’s existing investor East Ventures participated in the funding round, according to a release.
“As the industry grows from increased trade, infrastructure upgrades, and the development of traditional sectors, Inteluck is well-positioned to solve the unique B2B logistics challenges of the Philippines and its neighbours,” said Nori Poblador, managing partner of Navegar.
Favour Capital, a boutique investment bank, served as the financial advisor for the deal.
Founded in 2014, Inteluck is a B2B logistics technology company headquartered in Singapore with footprints across the Philippines and Thailand. It began as an IoT SaaS platform for trucking companies in the Philippines to monitor and manage their shipment and drivers in real-time.
With the fresh infusion of capital, Inteluck is set to expand its regional footprint, deepen its presence, and strengthen its capabilities, it said in the release.
Using technology, data, and analytics to maximise logistics efficiency, Inteluck offers full truckload transportation, warehouse management, freight forwarding, and other bespoke supply chain services.
“The Southeast Asian logistics sector, estimated at $300 billion, is undergoing a prominent shift, with emerging markets rapidly developing. Today, it’s not just about delivery; there’s now a strong focus on cost, service quality, and supplier reputation. Inteluck is at the forefront of this shift, leveraging data and technology to modernize B2B logistics for both sides–demand and supply,” Inteluck founder Kevin Zhang said.
The company had raised $15 million in a Series B round led by Creo Capital, in January last year. Inteluck had bagged $5 million in a pre-Series B round in 2020 led by the Hong Kong-based venture capital firm MindWorks Capital in April. The deal also marked the first strategic investment by Lalamove.
Inteluck completed its seed funding in 2017, securing at least $1 million. Two years later, the company raised several million dollars in its Series A+ funding round from a group of venture capital firms led by FutureCap.