(SINGAPORE) – April 21, 2015 – TradeGecko, the industry-leading inventory management system powering global commerce, today announced a $6.5M USD round of Series A financing. Led by NSI Ventures and Jungle Ventures, the round will support TradeGecko's aggressive global and product expansion. In FY2015, TradeGecko experienced over 1,100 percent year-on-year growth, fueling its development as a SaaS leader with customers in over 100 countries and nearly $1B USD in transactions.
“We're delighted to partner with a group of experienced and passionate investors who share our vision at TradeGecko of making wholesale buying as effortless as shopping on Amazon,” said TradeGecko CEO & co-founder Cameron Priest. “We feel TradeGecko's product is a best-in-class supply chain solution for global SMEs.,” added Shane Chesson, Partner at NSI Ventures. “We are pleased to invest in the company to help it manage its rapid network growth and deepen its product through new features and partnerships.”
TradeGecko is an online and mobile platform that equips retailers and wholesalers with beautiful cloud-based software for managing each step of the commerce cycle. For an industry traditionally dominated by spreadsheets, antiquated ERP software and manual ordering processes, TradeGecko combines a powerful inventory management suite with mission critical systems to make wholesaleoperations effortless.
TradeGecko users can integrate existing accounting, e-Commerce and shipping systems like Quickbooks, Xero, Shopify, Bigcommerce and ShipStation to streamline business operations, consolidate siloed systems, and create a single source point for inventory and orders. TradeGecko customers, passionate B2B and B2C business owners, are free to focus on how to grow their business, not what makes it run.
“In the last few years, TradeGecko has created wonderfully designed products that have a highly engaged and fast growing customer base across the world,” said Amit Anand, Managing Partner at Jungle Ventures. “TradeGecko has as a bright future as the leading provider of cloud-based, mobile software for retailers and wholesalers in the ever growing and complex world of global e-Commerce. We are excited to partner with this dynamic team.”
“Singapore is a natural gateway to the rest of Asia. With two world ranked universities and multi-billion dollar R&D investments, 7,000 MNCs based out from here, we are a great startup base for high-tech innovation based companies such as TradeGecko that will help build Singapore into a Smart Nation,” added Steve Leonard, Executive Deputy Chairman, Infocomm Development Authority of Singapore. Already a 60-person team with offices in Singapore and Manila, the company aims to expand to over 200 employees with the assistance of Nathalie Benzing, former global head of Post-Merger/M&A Integration at Autodesk, who recently joined TradeGecko as chief operating officer.
Other key priorities for FY2016 include the strategic establishment of offices in the United States, Australia and Hong Kong, and the launch of additional initiatives and partnerships for the TradeGecko platform.