Kale Logistics Solutions (Kale) has announced the successful completion of its Series B funding round, raising USD 30 million in capital led by Creaegis Advisors LLP. This funding round represents a significant milestone in the company’s journey and positions it for rapid expansion and continued innovation. The company had earlier raised a Series A investment from Inflexor Ventures in 2020 and counts marquee founding angels Narendra Kale and Vipul Jain.
The investment will fuel Kale’s mission to develop and deploy robust Cargo Community Systems to transform global logistics beyond regional boundaries.
Kale’s vision is to significantly reduce the complexities involved in cargo movement and its allied processes at airports and seaports by using their cloud-native integrated platforms and ERP solutions for all stakeholders. The solutions enable collaboration in real-time while providing end-to-end visibility of every process and shipment on the move.
Founded by Amar More, Vineet Malhotra, and Rajesh Panicker, Kale also counts industry pioneers such as Narendra Kale and Vipul Jain, the ex-founders of Kale Consultants (now known as Accelya Solutions India), as part of the core founding team.
This Series B funding round of Kale has been exclusively advised by Cilix Capital, an international investment banking firm that assists companies as well as institutional investors with capital-raising and M&A.