In brief: Vietnamese logistics startup nets $5.5m from Alpha JWC, others

Logivan, a Hanoi-based logistics startup, announced that it has raised US$5.5 million from angel investors and venture capital firms. Among those who participated in the round were Indonesia’s Alpha JWC ventures and David Su, managing partner at Matrix Partners China.

Source: Press release

Logivan plans to invest the money in data analysis and cross-platform integration as well as AI to increase efficiency.

This round marks Logivan’s the largest fundraise to date. The startup had previously secured US$600,000 in seed funding in March 2018 and US$1.75 million in a series A round led by Ethos Partners and existing investor Insignia Ventures Partners in August 2018.