US-based asset and shipping-management platform developer Roambee received $15.2m in series B financing from investors including industrial conglomerate Jebsen & Jessen and telecommunications company Telkomsel on Tuesday.
Investment firms Anchor Group and Comcraft co-led the round, which also featured venture investment bank Intuitive Ventures and private investor Anant Singhania.
A report earlier this month suggested Telkomsel’s Mitra Innovation unit had joined MDI Ventures, the corporate venturing arm of telecoms firm Telkom Indonesia, to invest an undisclosed amount in Roambee, but this has not been confirmed by the company.
Roambee provides an on-demand service that utilises sensors and software to track goods in real-time through the shipment process, identifying problems such as tampering or breaches in the cold chain process.
Sanjay Sharma, Roambee’s CEO, said: “Customers begin by using our service as an early warning system to eliminate disruptions and reduce risks in their supply chain. We then extend our value proposition by providing insights and foresights to streamline and optimise their operations.”
The company has now raised $24.6m in total, securing $2m from MDI Ventures in mid-2018 having raised $4.1m in a first series B round featuring $3.1m from Deutsche Telekom Strategic Investments, then the corporate VC vehicle for telecoms firm Deutsche Telekom, the year before.
