Surpath Tech has completed two funding rounds within a year and Matrix Partners China (Chinese: 经纬创投) was one of the previous investors.
Surpath Tech (Chinese: 驿玛科技) secured a Series A funding round, raising over USD 10 million from eWTP Arabia Capital (Chinese: 易达资本) on February 11. Index Capital (Chinese: 指数资本) was the exclusive financial advisor.
Proceeds from the round will be used for technology development and overseas recruitment.
Founded in 2019, Surpath Tech provides tech-based global supply chain, cross-border e-commerce and international logistics solutions. It has completed four funding rounds. Previous investors include Matrix Partners China (Chinese: 经纬创投), Northern Light Venture Capital (Chinese: 北极光创投), China Merchants Venture (Chinese: 招商局创投), among others.
Founder and CEO Ma Jindong stated that Surpath Tech will double down on the iteration of products and technology and its global expansion strategy.
Talking about the future plans of Surpath Tech, Jerry Li, Managing and Founding Partner of eWTP Arabia Capital, investor of the round said, "The Middle East is one of the most important emerging markets whose cross-border e-commerce market size is growing continuously. It could be a potential market for Surpath Tech's global expansion."