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Aiming to become the logistics industry’s trivago, Spaceship closed Pre-A round and has raised more than USD$6 M
Hong Kong logistics tech startup Spaceship closed the Series Pre-A round. The series Pre-A round funding is from global investors including 500 Global, Paragon Investment, SparkLabs Taipei. Spaceship will accelerate new expansion in Taiwan and Asia, as well as escalate its SaaS solution for e-commerce logistics. Since its inception, Spaceship has successfully raised more than USD$6 million in investments.
Founded in 2019 by experienced entrepreneurs Wun Chi Lam and Stanley Wong, Spaceship provides a one-stop solution for wide range of logistics needs, from first mile, dropoff network, fulfillment service, international and cross-border shipping, to last-mile delivery.
“Logistics play a vital role in e-commerce but they are not a sweet spot for most shippers due to the cost and handling complexity. Spaceship committed to creating a one-stop Saas platform for the shippers who want to smoothen the way they deal with parcels, save enormous time and cost and eventually benefit their business growth.” said Wun Chi Lam, the co-founder and CEO of Spaceship.
Finding the product market fit, Spaceship soon get selected into Hong Kong’s top startup incubator:Hong Kong Science and Technology Parks(HKSTP) incubator programme.
Spaceship provide a SaaS platform that users only need 2-steps for cross-border courier services. In 2 years, they have earned over 130,000 users.
“Spaceship’s ability to solve day-to-day shipping problems and other inconveniences for consumers has been impressive. We see the potential of Spaceship in unlocking long-term value in driving innovation for the logistics industry and are excited to help them grow in the region and the e-commerce market,” said 500 Global Managing Partner, Tony Wang.
“While other logistics startups mostly focus on last-mile delivery, Spaceship is one of the few logistics integration platforms that provides all services with technology innovation, including first-mile delivery, cross-border delivery and other value-added services. We are confident in Spaceship’s ability to quickly adapt to provide services to underserved consumer segments!” said General Manager of Paragon VC, Michael Lo.
“The need for cross-border logistics and delivery is growing fast. Spaceship provides a convenient platform with competitive prices for both enterprises and customers.” said Edgar Chiu, Founder of SparkLabs Taipei. “With SparkLabs’ global network, we are excited to unleash Spaceship’s potential to expand its business across Asia and benefit more clients.”
Taking its success in Hong Kong, Spaceship extended its footprint vertically by creating a new Saas solution Spaceship Pro, with the laser focus on e-commerce logistics integration.
Spaceship Pro is designed to help business shippers to find the best way to deliver their product, and improving the speed of handling bulk shipments. Users can transfer their orders from e-commerce platforms to Spaceship Pro and create multiple shipments all-in-one go. It also enables users to save up to 70% on logistic cost with the strong affiliation of worldwide couriers covering over 68 regions.
The fund will be utilized in supporting the build-up of Spaceship Pro and Spaceship’s overseas expansion, where Taiwan is the first stop outside of Hong Kong. “We are proud to extend our footprint to Taiwan as there are huge demands in both B2C and B2B logistics fueled by the rapid growth of e-commerce,” said Duncan Hui, General Manager of Spaceship Taiwan. “We are also making our way to grow our presence in the APAC market to offer Spaceship and Spaceship Pro to more individual and business users and helping these users effectively tackle their current logistic and operational challenges.”
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