We’re excited to pull the wraps off our $43.21M Fund II that follows our $18M Fund I raised in 2016. We continue to be eager in supporting pre-seed and seed stage founders building enterprise-oriented companies in supply chain and mobility. Early investments in Fund II include drone delivery startup Manna Aero, decision engineering and optimization platform, Nextmv, and intercompany product data automation platform Backbone AI.
The impact of the COVID-19 pandemic has served to remind us all of the trillion-dollar market that underpins the global economy — the supply chain. Shortages of toilet paper or semiconductors, container ships stuck in the Suez Canal, and the importance of cold chains for the delivery of vaccines are just a few examples of how the pandemic has brought the global supply chain squarely into focus. Supply chains represent more than 10% of the global GDP, but are still largely managed and executed using manual processes and siloed, legacy systems. This inertia has led to an initial crop of venture-backed unicorns tackling the mammoth opportunity that includes Flexport, Convoy, and Dynamo’s own, sennder.
Our LPs include organizations and entrepreneurs with deep subject matter expertise in supply chain and are committed to helping portfolio founders execute on their vision. Through our fundraise, we also saw increased interest and an acknowledgement of the size and scope of the supply chain technology opportunity. As such, we have also garnered the interest of more traditional LP investors from the institutional landscape including who acknowledge the importance of specialist firms in partnering and investing with bold founding teams.
One of our newest LPs, Michael Kim at Cendana commented, "Following a comprehensive review of sector focused VCs in supply chain, we felt that their domain expertise, proven approach to helping build companies, and network provides their portfolio with an unfair advantage of deeply understanding problems, accessing to potential customers, and earning follow-on investment."
We’re excited to support the next generation of industry-defining entrepreneurs as they embark on a journey to build the future of supply chain and mobility. If you’re thinking or building in the space, send us an email at hello@dynamo.vc.
