Logivan Technologies, a Vietnamese platform that connects truckers with shipping companies, secured US$5.5m from venture capital firm Alpha JWC and two angel investors, including David Su, the founding managing partner at Matrix Partners China.
Indonesia-based Alpha JWC has strengths in fintech and consumption, and is well-known in the US and China. It targets companies with strong growth and potential to expand to new markets in future.
A Logivan spokesman said the newly-raised funds would be used to invest in data analysis and integration to improve the effectiveness of its supply chain and bring the best experience to customers. The company will apply artificial intelligence in clarifying documents, meeting user demand, and providing more accurate forecasts of orders. It will also continue to develop technologies to connect trucks and calculate transport costs.