Supply chain tech companies in Europe and North America raised $3.1 billion in venture funding last quarter, an uptick both quarter-over-quarter and year-over-year. With demand for home delivery skyrocketing amid the pandemic, last-mile companies like DoorDash and Instacart have become a focal point for investors.
COVID-19 has reshaped supply chain tech in other ways as well, accelerating the growth of decentralized fulfillment and shining a light on the need for analytics and real-time monitoring. Other findings from our Q3 Emerging Tech Research report:
- Pre-money valuations of late-stage startups have surged this year, rising 61% to $169 million
- VCs have pulled back from investing in digital freight brokerage platforms, which face steep competition from incumbents in a low-margin industry
- Investment in warehousing tech and risk management is gaining traction as companies seek to pandemic-proof their supply chains
