Fundz

Jumppoint, A One-Stop Logistics Platform For E-Commerce Merchants In Asia, Raises Us$6.5M Series A

PRIVATEJan 12, 2023

Amount Raised

$6.5 Million

Round Type

Series A

ChinaTransportationSupply Chain ManagementLogistics

Investors

Philip Kuai, The Founder Of Dada NexusChinachem GroupHeadline AsiaMind Works Capital

Description

Jumppoint, the Hong Kong-based digital integrated logistics platform, has completed a successful Series A funding round, raising $6.5m led by MindWorks Capital with participation from Headline Asia, Chinachem Group, Philip Kuai, the founder of Dada Nexus (NASDAQ:DADA), the leading local delivery platform in China and the Innovation and Technology Venture Fund of the Hong Kong SAR Government.

Quick answer

Jumppoint raised $6.5 Million in a Series A round, dated January 12, 2023. Investors: Philip Kuai, The Founder Of Dada Nexus, Chinachem Group, Headline Asia and Mind Works Capital. Jumppoint is based in China.

How much did Jumppoint raise?
Jumppoint raised $6.5 Million in a Series A round on January 12, 2023.
Who invested in Jumppoint?
Philip Kuai, The Founder Of Dada Nexus, Chinachem Group, Headline Asia and Mind Works Capital are named as investors in this round.
What does Jumppoint do?
Jumppoint is a One-Stop e-Commerce Logistics Technology Platform established in Hong Kong.
Where is Jumppoint based and how big is it?
Jumppoint is based in China.

Source: Fundz verified event record.

Who else raised in Transportation and Supply Chain Management around the same time

Companies in the same sectors as Jumppoint that raised within 45 days of this round, from Fundz verified event records.

  • Transmetrics raised $2.7M (Seed) on February 23, 2023.
  • Overhaul raised $38M on February 1, 2023.
  • Frayt Technologies raised $6.4M on December 19, 2022.
  • Telegraph raised $10M (Series A) on December 6, 2022.
  • BlueCargo raised $11M (Funding Round) on February 23, 2023.
  • BuuPass raised $1.3M (Seed) on February 13, 2023.

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Company Information

Company

Jumppoint

Location

China

About

Jumppoint is a One-Stop e-Commerce Logistics Technology Platform established in Hong Kong. Jumpoint, founded in 2020, provides domestic express, cold-chain delivery, warehousing, fulfillment and cross-border logistics services across Hong Kong & Southeast Asia. Jumppoint currently handles over 200,000 orders per month and manages approximately 400,000 sq ft of warehouse space. Leveraging its proprietary logistics technology and advanced AI capabilities, Jumppoint has developed its own in-house multi-level dynamic routing technology, jumppoint.ai, offering highly efficient and cost-saving logistics services to B2B and B2C users.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Jumppoint raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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