About Weft
Weft is a company based in Slough (United Kingdom) founded in 2013 was acquired by Genscape in June 2016.. Weft has raised $3 million across 3 funding rounds from investors including Genscape, Comet Labs and CLI Ventures. Weft operates in a competitive market with competitors including FreightWaves, Chronicled, Suplari, LogComex and SAP Ariba, among others.
- Headquarter Slough, United Kingdom
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Sectors
TechnologyTransportation, Automotive & Logistics
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Phone
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Website
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Social
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Funding Insights of Weft
Weft has successfully raised a total of $3M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(14 Mar 2014)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2016 | Amount | Series A - Weft | Valuation |
investors |
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| Jul, 2015 | Amount | Series A - Weft | Valuation | CLI Ventures , a16z |
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| Mar, 2014 | Amount | Seed - Weft | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Weft
Weft has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Genscape, Comet Labs and CLI Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Startups are accelerated and funded by this venture capital firm.
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Founded Year | Domain | Location | |
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VC Firm investing in geographies such as the US
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Weft
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Weft
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Weft Comparisons
Competitors of Weft
Weft operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FreightWaves, Chronicled, Suplari, LogComex and SAP Ariba, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform offering logistics-related news
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| domain | founded_year | HQ Location |
AI and blockchain are applied to supply chain authenticity solutions.
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| domain | founded_year | HQ Location |
AI-based platform for integrating data and optimizing procurement costs.
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| domain | founded_year | HQ Location |
Trade analytics are delivered through a SaaS platform for logistics.
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| domain | founded_year | HQ Location |
E-procurement, invoicing, and B2B collaboration software is offered for businesses.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Weft
When was Weft founded?
Weft was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Weft located?
Weft is headquartered in Slough, United Kingdom. It is registered at Slough, England, United Kingdom.
Is Weft a funded company?
Weft is a funded company, having raised a total of $3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Mar 14, 2014.
What does Weft do?
Weft platform which integrates with Weft sensors as well as sensors from other provider and with ERP and CRM systems, users log in to get the current status and to set alerts for out-of-bounds conditions (location, temperature, moisture, shockvibration) and stages completed. Through predictive analytics, Weft takes the current location and planned route of all shipments on the platform and combines this information with historical data to identify likely bottlenecks and alert shippers to potential problems before they occur. Weft works by simply attaching a small piece of hardware to the valuable cargo in transit to receive real-time monitoring and analytics, allowing companies to check up on their shipments and see if theres a better way to get from point A to point B. Weft uses the simple GPS technology to find patters, problems and solve them. Participated at SAP TechEd in Las Vegas on October 21, 2013. Working with Vodafone, Telefonica, and Etisalat on different initiatives.
Who are the top competitors of Weft?
Weft's top competitors include Alloy, FreightWaves and Suplari.
Who are Weft's investors?
Weft has 5 investors. Key investors include Genscape, Comet Labs, CLI Ventures, Andreessen Horowitz, and Indoseven.
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