Apkudo, the Baltimore-based company focused on supply chain automation for connected devices, landed $14.4 million in growth financing to expand its customer base globally.
This funding round is a continuation of the Series B where Apkudo raised a nearly identical $14 million in November 2020. This round was led by Closed Loop Partners’ Leadership Fund and included venture capital firms such as Birmingham, Alabama-based Harbert Growth Partners and Philadelphia-based MissionOG. The round also saw participation from existing investors based in the DC-Maryland-Virginia region: Grotech Ventures, which has an office in Hunt Valley, Maryland, and McLean, Virginia-based Lavrock Ventures.
“We’re that type of company that you come to and you’re like, ‘I got a real big tough problem that I don’t think is solvable,’” Darwin Stephenson, Apkudo’s chief innovation officer, told Technical.ly. “We’ll turn that around really quickly.”
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