Vietnamese warehousing startup bags $785k in pre-seed funding

Wareflex, a Vietnamese on-demand warehousing platform, has raised US$785,000 in a pre-seed funding round led by Genesia Ventures and joined by Antler.

The Wareflex team / Photo credit: Wareflex

The company will use the fresh funds to develop its platform and expand its team.

Wareflex provides different types of flexible warehouses on a B2B marketplace model. It also offers a SaaS supply chain tool to help clients optimize their operations.

In a statement, the company said it has a network of over 100 warehouses across Vietnam, including general warehouses, cold storage, open yards, and ecommerce fulfillment centers.

The firm was founded in 2022 by CEO Rajnish Sharma and chief business officer Rodolfo Davariz. Both executives have had more than 15 years of experience in the supply chain industry.

See also: Who’s investing in the region’s logistics and transportation startups?