Cross-border Warehouse Servicer Yuancang Completes Tens of Millions of CNY in Series Pre-A

Industrials Author: Yiru Qian Mar 22, 2023 04:19 PM (GMT+8)

The Southeast Asian market has always been a hot spot for cross-border service providers as well as brands.


Southeast Asian cross-border logistics and warehousing service provider Shenzhen Yuanchao Logistics Technology, or Yuancang Warehouse (Chinese: 元仓海外仓), recently announced the completion of a Series Pre-A round of financing led by Matrix Partners, with Shanyu Capital acting as the exclusive financial advisor. The existing investor K2VC also joined this round.

The proceeds raised in this round will be used for warehouse logistics construction and full-process system research and development.

Established in 2021 and headquartered in Shenzhen, Yuancang Warehouse mainly focuses on providing Southeast Asian e-commerce enterprises with standardized warehouse arrangement, logistics, customized order execution, supply chain and other related integrated services.

As a one-stop solution expert for cross-border e-commerce in Southeast Asia, the company has also built connections with several major e-commerce platforms in local markets such as Shopee, Lazada and TikTok.

At present, Yuancang Warehouse has landed in Indonesia, Malaysia, the Philippines, Vietnam, Thailand and Singapore.

Long Liangyu, the founder and CEO of Yuancang said in an interview that its advantages can be concluded into three keywords, that is, standardized, digitalized and localized. "The e-commerce market in Southeast Asia is booming with a huge market capacity. At this stage, the one who can stick to a high-level fulfillment and service will have more chances to stand out in the future."

Matrix Partners' partner Wan Haoji, commented that "the infrastructure of Southeast Asian e-commerce is at its infancy, fulfillment and logistics are two important components to support Chinese brands going overseas. Yuancang Warehouse is the most dedicated team in this field, and we expect it to provide more value for the whole chain."

Previously in September 2022, Yuancang Warehouse completed an angel round of financing from K2VC, with Shanyu Capital acting as the exclusive financial advisor.