# Skuteam

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/skuteam

- Industry: Business Support Services
- Headquarters: San Jose, US
- Website: www.onesilq.com
- Total disclosed funding: $20M
- Latest round: Series A (Mar 9, 2022)
- Investors on record: 9

## About

Skuteam Inc is a digital freight forwarder that specializes in integrating factory inspections with logistics services, enhancing the predictability and efficiency of global shipping operations.Founded in 2020 and headquartered in San Jose, US, Skuteam Inc specializes in freight forwarding and factory inspection services. The company has raised funding through 2 significant deals, with the most recent on March 9, 2022, where it secured USD 17.6 mn in Series A financing. The funding round was co-led by F-Prime Capital and Flexport Ventures, with participation from Eight Roads Ventures and other returning investors. The founders of the company are Ram Radhakrishnan and Vishnu Nair, with Ram Radhakrishnan currently serving as the CEO.Skuteam Inc operates under the brand name Silq, providing digital freight forwarding services that include Full Container Load (FCL), Less-than Container Load (LCL), and Shared Container Load (SCL) services. Their business model integrates essential factory inspections with freight forwarding, targeting businesses that require reliable logistics solutions in sectors demanding timely deliveries. The company utilizes a proprietary platform that offers customizable workflows for tracking shipments, thereby enhancing visibility and reducing uncertainties in the shipping process. Silq's operations primarily focus on North America, with significant service capabilities extending to Asia, particularly in China and India.Silq's revenue generation model is based on a structured transaction approach that combines freight forwarding with inspection services, allowing for flexible pricing tailored to the specific needs of their B2B clients. Businesses pay for customized freight services, with options to bundle inspection services, and the model is supported by a money-back guarantee on failed deliveries. The pricing structure accommodates various services, including air freight and specialized shipping solutions, ensuring a broad appeal among established brands and manufacturers seeking dependable logistics support.Following the Series A investment of USD 17.6 mn in March 2022, Skuteam Inc plans to expand its global network of factory partners and grow its team of trained professionals, including on-site merchandisers and quality inspectors throughout Asia. The funding will also enhance its technology platform, providing brands with crucial production data and updates. The company aims to solidify its presence in existing markets while exploring opportunities for expansion into new regions, leveraging the recent investment to support these initiatives.

## Funding rounds

- Series A, Mar 9, 2022, $18M — Eight Roads Ventures, F-Prime Capital, Forum Ventures, Lorimer Ventures, RTP Seed Ventures, Flexport Ventures
- Seed, Jan 19, 2021, $2M — Correlation Ventures, SV Angel, Forum Ventures, Hack VC, Lorimer Ventures, RTP Seed Ventures

## Investors

- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Forum Ventures (https://capitalatlas.ai/funds/forum-ventures) — Seed, Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Lorimer Ventures (https://capitalatlas.ai/funds/lorimer-ventures) — Seed, Series A
- RTP Seed Ventures (https://capitalatlas.ai/funds/rtp-seed-ventures) — Seed, Series A
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A
- Flexport Ventures (https://capitalatlas.ai/funds/flexport-ventures) — Series A