Prime Penguin raises another $1.74m in new expansion capital from Stockholm-based WiT Ventures.
“Our investment team has been following Prime Penguin for some time and has been impressed by their technological lead and how efficiently and easily they connect the entire ecosystem between e-retailers and logistics companies (3PL). We fully share their vision of the great international potential for the service “, says Ulf Söderström partner and investment manager at WiT Ventures.
WiT Ventures focus on digital growth companies and positions itself as an operationally active investor. Current and former portfolio companies include the successful e-commerce company Estrid, the AI platform Peltarion and the German E-farm, a trading platform for used agricultural machinery.