Logicbroker provides cloud-based drop-ship and marketplace automation software that connects brands, retailers, suppliers, and third-party logistics providers. Its platform automates electronic data interchange and fulfillment flows and is used by customers including Walgreens, Mars Wrigley, and Samsung. Founded in 2010 and based in Connecticut, the company has expanded into five global regions, serves over 4,000 companies, and employs about 65 people. Logicbroker manages multiple billions in gross merchandise value — the article cites more than $5 billion annually, closed out last year with roughly $2 billion and is targeting close to $6 billion this year — and reached profitability about six years ago. Revenue is growing roughly 80% year over year. The company recently launched a curated marketplace and plans to prioritize it and accelerate product development and global expansion with the new funding. Logicbroker provides a comprehensive SaaS ecommerce platform designed to enable mid-sized retailers, etailers and suppliers to process orders and integrate with hundreds of electronic data interchange (EDI) trading partners. The platform’s capabilities span product cataloging, customer ordering, order fulfillment, returns, vendor sourcing and data analytics. The company leverages strategic partnerships, including with Microsoft and Magento, and collaborates with over 500 trading partners including Best Buy, RadioShack, Sears and Amazon. Led by Peyman Zamani (CEO), Warren Reimer (CTO) and Karim Hadchiti, Logicbroker targets growth among mid-sized retail customers. It closed a $1.6M Series A and intends to use the funds to further grow and increase adoption of its services.

Total raised

$137M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2021