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Q2 202430.05.2024

Supply chain & logistics (2024)

Picture of Shubham Jaipuria

Shubham Jaipuria

at Sifted

The Russian invasion of Ukraine and the Israel-Hamas conflict have put increasing pressure on global supply chains in the last few years. The war in Ukraine has led the EU to plan for a reduction in its dependence on Russian oil. Geopolitical tensions mean it’s become more critical to diversify supply chains. It’s become essential for companies to get timely insights on unforeseen supply chain disruptions and plan their inventory and purchasing strategy accordingly to reduce day-to-day holdups.

Supply chain and logistics startups had a bumper 2022, pulling in $3bn in funding but activity slowed in 2023 to $965m. Things haven’t quite bounced back in the first five months of 2024 either, with startups raising $264.3m. Several shippers and logistics service providers are investing heavily in automation with a recent McKinsey report stating 87% of shippers reported maintaining or growing their technology investments between 2020 and 2023, and 93% said they plan to maintain or increase their spending over the next three years. Given these macro trends, expect companies to continue investing in tech solutions and funding to revive later in the year.

20 startups to watch

  • Colonia logo

    Sifted score

    8.71
    -

    Colonia

    • Strong investor(s)
    • Serial founder(s)
    • Hiring

    • Year founded

      2021

    • HQ

      Cologne, Germany

    • Latest round

      Seed
      €6m / Jun 2023

    • Total funding

      €6m

    View company profile
  • Aeler logo

    Sifted score

    8.13
    -

    Aeler

    • Strong investor(s)
    • Serial founder(s)
    • Hiring

    • Year founded

      2018

    • HQ

      Lausanne, Switzerland

    • Latest round

      Seed
      €5.8m / Mar 2022

    • Total funding

      €7.3m

    View company profile
  • Procuros logo

    Sifted score

    8.02
    -

    Procuros

    • Strong investor(s)

    • Year founded

      2021

    • HQ

      Hamburg, Germany

    • Latest round

      Seed
      €8.2m / Mar 2022

    • Total funding

      €9.2m

    View company profile
  • Alaiko logo

    Sifted score

    7.62
    -

    Alaiko

    • Strong investor(s)
    • Serial founder(s)

    • Year founded

      2020

    • HQ

      Munich, Germany

    • Latest round

      Series A
      €27.3m / Jan 2022

    • Total funding

      €27.3m

    View company profile
  • Cargofive logo

    Sifted score

    7.5
    -

    Cargofive

    • Serial founder(s)
    • Hiring

    • Year founded

      2018

    • HQ

      Lisbon, Portugal

    • Latest round

      Seed
      €2.5m / Mar 2024

    • Total funding

      €5m

    View company profile

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