Shadine Taufik · · 1 min readHong Kong logistics firm raises pre-series A money
Hong Kong-based Spaceship, a cross-border logistics startup, has raised an undisclosed amount in a pre-series A round from investors including, Paragon Investment, 500 Global, and SparkLabs Taipei.
Spaceship co-founders Wun Chi Lam (left) and Kam Hei Wong / Photo credit: Spaceship
Spaceship was founded by Wun Chi Lam and Kam Hei Wong in 2019. The startup is looking to tap into the global logistics software market, which is forecast to grow at a compound annual growth rate of 10.5% to reach US$18.31 billion by 2030.
The startup also aims to be one-stop logistics platform, offering door-to-door pickups, cross-border delivery, and other value-added services. Its recently launched Spaceship Pro platform allows businesses to quicken bulk shipment processing and create multiple shipments at once.
Spaceship has raised over US$6 million to date.
The company will use the fund to expand its services outside Hong Kong, with Taiwan being the first stop. It will also invest in developing its ecommerce logistics software-as-a-service solution.
Founded in Hong Kong, Spaceship graduated from a host of top schemes, such as the HKSTP incubator program, the 500 Global Accelerator Taiwan with TTA, and the SparkLabs Taipei Accelerator program.
See also: Series SEA: Who’s investing in the region’s SaaS startups?
Editing by Kul Bhushan and Arpit Nayak
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