Routific raises seed financing in Pallasite Ventures-led round
Canadian route optimization platform Routific has received an undisclosed seed investment that brings its total funding to $1.2 million. The latest round was led by Pallasite Ventures, a Canadian venture capital firm. The company's other investors include U.S. venture capital firm FireStarter Fund. Founded in 2012, Vancouver-based Routific has developed smart logistics software that optimizes routes for last-mile delivery fleets, saving businesses up to 40 percent on time and fuel. In 2015, the company showed revenue growth of 890 percent and signed its first major enterprise deal, Routific reported. It plans to use its funding to continue expanding operations.
24 February 2016•3 mins read
