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MatchLog Solutions raises $1.5 Mn in pre-series A round

Entrackr · 7m

MatchLog Solutions, a sustainable container logistics and supply chain optimisation, has raised $1.5 million in its pre-series A round led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A. Earlier in 2022, MatchLog had raised $3 million from Blue Ashva Capital, Rainmatter Climate Technologies, and Capital-A. The proceeds will be used to enhance sustainability and carbon efficiency in container logistics, the firm said in a press release. The investment will also expand MatchLog’s market presence, enhance strategic partnerships, and deepen collaborations within the global shipping and port ecosystems. MatchLog’s triangulation solution, which pairs import containers with export requirements, effectively eliminates unnecessary dry runs and reduces the trips containers make back to depots when empty. With its expansion, MatchLog is set to increase its footprint and scale in India, thereby maximising efficiency in container usage and transport listics. This strategic growth is projected to handle around 4-5 million containers annually, resulting in a substantial reduction of 200,000 metric tonnes of carbon emissions each year. The startup claims that it will eliminate 10 billion km of unnecessary travel globally in the EXIM container supply chain, continuing to set new standards in the industry.