<article>Taiwanese online logistics app developer <a style="color: #000080;" href="https://letscargo.cn/" target="_blank">LetsCargo</a> has reportedly secured a $700,000 pre-series A funding led by <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/global-from-day-one/" target="_blank">Global From Day One</a>, a newly launched New Zealand based seed fund.</article>

Taiwanese online logistics app developer <a style="color: #000080;" href="https://letscargo.cn/" target="_blank">LetsCargo</a> has reportedly secured a $700,000 pre-series A funding led by <a style="color: #000080;" href="http://www.dealstreetasia.com/tag/global-from-day-one/" target="_blank">Global From Day One</a>, a newly launched New Zealand based seed fund.
LetsCargo plans to use the proceeds to accelerate its presence in regional markets, especially in China, acquire users and ramp up fintech business, e27 reported citing a company announcement.
LetsCargo is said to be a startup founded in 2015, a graduate from Chinese accelerator AT Work. The service allows users to search for sea and air freight quotes, comparing itself as <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=expedia">Expedia</a> or <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=ctrip">Ctrip</a> of the online logistics sector, according to e27.
The company also provides working capital financing to forwarders by partnering with third-party financial institutions.
Small and medium-sized forwarders and shippers were still rely on faxes and phones to map out their optimal delivery routes and times, the company reportedly said, adding that it offers vendor quotation, customs clearance management, product inspection, in-land transportation, to real time updates of cargo arrival status to help logistics companies improve their workflow.
The startup claims to have over 5,000 clients on its platform, which include exporters, freight forwarders, and importers in the logistics chain.
Global From Day One invests in early stage concepts and ventures that are not yet ready for mature angel or venture capital level investment, but have global scale potential, the Auckland-headquartered investor says on its website.
It has funded over a dozen companies in various industries, from augmented reality, agri-tech, app and software solution, to even manufacturing.
Also read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/30275-30275/">India: Last mile logistics tech firm Gray Routes raises second round of angel funding</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/china-digest-suning-leads-200m-series-c-in-yiguo-baidu-closes-30m-b-round-in-smartstudy-57872/">China Digest: Suning leads $200m in Yiguo, Baidu closes $30m B round in SmartStudy</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/nzs-spotlight-reporting-raise-5-m-52053/">NZ’s Spotlight Reporting raises $5 m from Global from Day One Fund, others</a>

Taiwan's LetsCargo secures $700K from NZ seed fund

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Taiwan's LetsCargo secures $700K from NZ seed fund

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