Quincus: Raises Series B Funding; Valued At Over US$100M

Quincus, a Singapore-based provider of an enterprise class global supply chain management platform, closed an undisclosed Series B fundraise at a valuation of over US$100m
The round was led by UP.Partners – a US-based electrification and mobility fund, with participation from existing investor GGV Capital
The company intends to use the funds to grow its team to over 400 people, invest in market expansion across the Americas, South Korea, and Japan by 2022
The company is an Enterprise SaaS platform to solve logistics problems for logistics providers, e-commerce, airlines, freight, and household brands worldwide
Using its configurable and modular technology, companies can automate manual tasks, maximize resources across supply chains, and build business resilience
Around technology investment, the company will further enhance its multi-mile offerings by strengthening its real-time visibility and machine learning optimization platforms