Inteluck secures $34M in Series C to fund regional expansion

Singapore's Inteluck, a tech-centric supply chain solutions provider, recently secured a robust investment of $34 million in its Series C funding round.

• Investors: The funding round was led by Navegar, a private equity firm focused on the Philippines. Manila-based Navegar, founded in 2013, is an asset management company with over $300M in assets and a diverse portfolio of companies. Other contributors included East Ventures.

• Operations: Inteluck operates across the Philippines, Thailand, and Vietnam. The new injection of capital will support their regional expansion and enhance their capabilities.

• Background: Established in 2014 by Kevin Zhang, Inteluck has crafted a digital B2B platform offering tech-driven supply chain services. These include full truckload transportation, warehouse management, international freight forwarding, distribution, and tailor-made supply chain solutions.

• Services: The B2B platform currently provides access to over 14,000 delivery trucks for on-demand booking. It allows businesses to extend their geographical reach, track shipments in real-time, and scale up operations during peak demand.

• Goals: Inteluck, through its platform, also aids small to mid-sized truckers by increasing demand for first-to-mid-mile trips, enhancing fleet utilization, and expediting payments.

• Current State: To date, Inteluck has served over 300 international and local enterprises in various sectors including telecom, FMCGs, manufacturing, e-commerce, and express delivery.

Earlier in January 2022, Inteluck completed a $15M Series B funding round, led by Creo Capital of Hong Kong.

With the new funding, Inteluck aims to create a symbiotic ecosystem benefiting all its stakeholders, from enterprises to truckers.