What is Apkudo?
Apkudo operates as the global leader in supply chain automation, offering comprehensive solutions that cover the entire lifecycle of connected devices. Its Hive Platform serves as a unified operating system, seamlessly integrating internal systems and external partner networks. Prominent companies such as AT&T, The New T-Mobile, Verizon, Samsung, Amazon, and FedEx Supply Chain Services leverage Apkudo's technology to enhance their supply chain operations. The platform is powered by advanced robotics, intelligent decision-making capabilities, and optimized processes, enabling a fully distributed global team of supply chain experts to manage operations effectively.
How much funding has Apkudo raised?
Apkudo has raised a total of $55.5M across 4 funding rounds:
Series A
$3M
Debt
$1M
Series B
$14M
Series C
$37.5M
Series A (2019): $3M, investors not publicly disclosed
Debt (2020): $1M led by PPP
Series B (2020): $14M supported by Lavrock Ventures LLC, MissionOG, Harbert Management, and Grotech Ventures
Series C (2023): $37.5M featuring MissionOG, Point Field Partners, Grotech Ventures, Lavrock Ventures, and Piper Sandler
Key Investors in Apkudo
MissionOG
MissionOG is an investment firm focused on partnering with high-growth B2B companies that are driving the digitization of the economy. They specialize in thematic investments in sectors such as fintech, data, and software, providing $5 million to $10 million in funding with potential for follow-on capital.
Grotech Ventures
Grotech Ventures is an investment firm focused on partnering with innovative entrepreneurial talent in high potential technology companies outside of Silicon Valley. Their mission is to support young companies that aim to transform markets, create jobs, and foster sustainable growth.
Lavrock Ventures
Lavrock Ventures is a venture capital firm based just outside Washington, D.C., specializing in enterprise technology investments. They focus on supporting early-stage businesses in sectors such as enterprise software, cyber security, and national security.
What's next for Apkudo?
With its recent major strategic investment, Apkudo is poised to further solidify its market leadership in supply chain automation. The substantial capital infusion, particularly the $37.5M from its latest round, indicates a strong investor confidence in the company's growth trajectory and its ability to innovate within the enterprise technology sector. This funding will likely accelerate the development and deployment of its Hive Platform, enabling Apkudo to expand its reach and enhance its offerings in device certification, optimization, and liquidation. The company's focus on integrating robotics and intelligent decisioning suggests a continued push towards greater automation and efficiency in complex supply chains.
See full Apkudo company page
