# 20Cube Logistics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/20cube-logistics

- Industry: Software
- Headquarters: Singapore
- Website: www.20cube.com
- Total disclosed funding: $21M
- Latest round: Series B (Apr 28, 2017)
- Investors on record: 2

## About

20Cube Logistics is a Singapore-based company specializing in digital logistics solutions, offering clients advanced capabilities for supply chain management through its proprietary platform, MyHubPlus.Founded in 2011, 20Cube Logistics provides integrated logistics services including freight forwarding, customs brokerage, and warehousing. The company is headquartered in Singapore and has expanded its operations across 12 countries with a network of 67 warehouses. The latest funding round was a Series B in April 2017, raising USD 3.00 mn from investors Altara Ventures and Zephyr Management, bringing the total amount raised to USD 3.00 mn. The current valuation of the company stands at USD 43.135 mn. The CEO team includes John McNally, Kalum Amarasekera, Mahesh Niruttan, May Yee, and Stewart Schneider-Loos.20Cube Logistics specializes in providing comprehensive digital logistics solutions primarily through its proprietary platform, MyHubPlus. This platform enables end-to-end visibility and control over the logistics process, allowing clients to track and trace shipments in real-time. Key offerings include freight forwarding across ocean, air, and land routes, as well as customs brokerage services and warehousing and distribution solutions. By addressing common issues such as inventory management, compliance, and shipment consolidation, 20Cube effectively supports a diverse client base, including industries such as fashion retail, mining, and healthcare. The company's services are geared toward optimizing supply chain efficiency for businesses operating in various international markets.In the most recent year of 2023, 20Cube Logistics generated revenue amounting to USD 4,612,000 and reported an EBITDA of USD 988,000. The company's revenue model includes freight forwarding fees, warehousing charges, and customs brokerage services, primarily through B2B partnerships that require integrated logistics solutions tailored to operational needs.The company plans to enhance its platform, MyHubPlus, with new features aimed at improving user experience and operational efficiency, although specific release dates have not been disclosed. 20Cube Logistics is also targeting expansion into new markets, particularly in Asia-Pacific regions, by 2025. The funds raised during the Series B round in April 2017 will be allocated towards these expansion efforts and the development of upcoming product offerings.

## Funding rounds

- Series B, Apr 28, 2017, $3M — Zephyr Management, Altara Ventures
- Series A, Jun 2, 2011, $18M — Zephyr Management, Altara Ventures

## Investors

- Zephyr Management (https://capitalatlas.ai/funds/zephyr-management) — Series A, Series B
- Altara Ventures (https://capitalatlas.ai/funds/altara-ventures) — Series A, Series B