SaaS-based solution provider LinkMORE bags $24M

Jan 13, 2022

 

LinkMORE, a software as a service (SaaS) provider for apparel supply chains, announced that it has completed over 150 million yuan ($24 million) in its Series A+ round. This deal was led by B Capital Group, followed by Borchid Capital, and existing shareholders Yunqi Partners and GGV also participated.

The fresh capital will primarily be used to further improve core technologies and rapid deployment capabilities.

After this deal, the company will connect the supply chain with its products and support apparel brands. Its goal is to help customers increase business value through resource integration and intelligent data management.

China not only has the largest and most complete pan-textile industry chain in the world, but also is constantly upgrading and iterating on the supply side. LinkMORE has been working in the industry for many years and has polished the industry's top supply chain management product (SCM SaaS).

Daisy Cai, a general partner and head of China at B Capital Group, said, "Our team has long focused on industrial Internet and enterprise services, and we recognize the unique approach of LinkMORE to serve brands as the entry point, precipitate industry-wide data, and accumulate network effects to achieve optimal allocation of industrial resources. B Capital Group is looking forward to continuing in-depth cooperation with LinkMORE in the future."

Along with the rapid rise of cross-border e-commerce represented by SHEIN, China, as the largest delivery center of global supply chain, will face greater opportunities and challenges. The core vision of LinkMORE is to build a global smart supply chain business operation based on reconstructing the informationization of the whole business chain of apparel enterprises, making the efficient collaboration between internal and external enterprises through supply chain digitalization, and making it easier to provide supply chain delivery services and online business support.

Up to now, LinkMORE has served nearly 400 enterprises with a renewal rate of nearly 100%, linking more than 100,000 OEMs and material suppliers, etc., which has begun to have a scale effect and laid a solid foundation for further resource optimization.