Fillogic Gets Seeded with $2.5M to Expand Hub
March 4, 2021
Fillogic has raised $2.5 million in seed round
funding led by James McCann, Chairman and CEO of Food Retail Ventures who will
be joining the Fillogic Board. Additional investors include Jamestown LP,
GroundBreak Ventures, Revelry Ventures Partners, XRC Labs, Green Egg Ventures,
and other strategic angels including Sandy Sigal. This brings the company’s
total funds raised to $3.5 million to date.
“We started Fillogic to transform the traditional retail ecosystem into an
integrated logistics network that reaches the modern consumer wherever they
are,” said Bill Thayer, Co-Founder and Co-CEO of Fillogic. “Fillogic Hubs at
mall properties provide retailers with disproportionately lower cost logistics
services, while enabling retailers to maximize the utilization of their assets -
stores, inventory, and people - to unlock a competitive advantage.”
“Fillogic helps retailers thrive in the ‘new normal’ by offering unmatched
logistics services such as forward-staging inventory, receiving and fulfilling
high-demand products, and unlocking expedited shipping, including same-day, for
ground prices.” said Rob Caucci, Co-founder and Co-CEO of Fillogic.
The seed round of funding will expand the Fillogic Hub Network nationwide to key
strategic markets in the Mid-Atlantic, Atlanta, Los Angeles, Miami, Dallas,
Phoenix and San Francisco. The funding will also support team growth and further
development of its platform, including its Delivery Partner Network and
proprietary routing technology.
The company has experienced phenomenal growth with revenue gains in 2021
outpacing all of 2020.
“Food Retail Ventures is excited to partner with Rob and Bill on the journey to
make Fillogic an indispensable part of our mall infrastructure. As ecommerce
sales continue to grow in importance, no other company enables retailers to
manage both inbound and outbound orders from their stores via a seamless
integration with the parcel networks” said James McCann Chairman and CEO.
As technology continues to rapidly transform the retail landscape, Fillogic is
on a mission to help retailers not just survive but thrive in their communities.
Founded in 2018, Fillogic is based in New York City and operates micro
distribution hubs across the Northeast region including in Connecticut, New
York, New Jersey and Pennsylvania.