Dexory secures bumper funding
The warehouse technology firm has secured $80 million funding to drive global expansion goals.
THE SERIES B funding round was led by DTCP, with participation from Latitude Ventures, Wave-X and Bootstrap Europe, along with existing investors Atomico, Lakestar, Capnamic and several angels from the logistics industry. As part of this investment, DTCP’s Michael Rager joins Dexory’s board of directors.
The new funding, made up of a mix of equity and growth debt, will support an expansion of the artificial intelligence (AI) powered features across the DexoryView platform, grow its global team and accelerate the deployment of its autonomous robots with customers like GXO, Maersk, DB Schenker and beyond. A significant focus continues to be on expanding across the US market, where Dexory is already live with customers in seven states. The Series B will also enhance development and production facilities at its UK headquarters.
With the close of the round, Dexory has now raised $120 million over the past three years.
“We are very impressed by the progress Dexory has made in transforming warehouse operations with its cutting-edge technology,” says Michael Rager, Partner – Growth Equity at DTCP and board member at Dexory.
“The company is perfectly positioned at the intersection of our investment thesis on digitisation and automation. Its ability to capture detailed, actionable data from physical spaces and integrate it seamlessly into the supply chain is impressive. We are confident in its vision and excited to support their product innovation and expansion into global markets.”
For more information, visit www.dexory.com
