Epallet, the digital wholesale marketplace, announced today the successful closure of its $4.5 million seed funding round this investment sets the stage for Epallet to reshape the wholesale industry and unlock new opportunities for B2B companies.
Epallet has emerged as a trailblazer in the digital wholesale space, revolutionizing the traditional supply chain model. By seamlessly enabling B2B commerce through its innovative platform, Epallet empowers businesses to streamline their operations, reduce costs, and improve efficiency.
The funding round was led by Bowery Capital with follow-on investments from C2 Ventures, SilverCircle, I2BF Global Ventures, and Junction Venture Partners. Epallet will use this capital to expand its reach, enhance its platform, and deliver even greater value to its growing user base.
"Epallet makes wholesale trade easier and we are excited to be at the forefront of digital transformation in the wholesale industry” said Joe Gozzi, Epallet CEO. "Our platform offers a seamless experience for suppliers and procurement teams, fostering stronger partnerships and unlocking new opportunities for growth. This seed funding will allow us to further enhance our technology and expand our market presence, ultimately benefiting our valued customers."
Epallet offers an extensive range of products from leading suppliers across various categories, including food and beverages, health and wellness, household goods, and more. The platform simplifies the wholesale procurement process, enabling retailers to access a wide selection of products, place orders with ease, and benefit from competitive prices.
Loren Straub, General Partner at Bowery Capital, added, “We are excited to partner with Epallet as they embark on their journey to reshape the B2B wholesale landscape. Epallet's marketplace fills a crucial gap in the wholesale supply chain that has historically seen limited investment in transformative technologies. We believe the team's deep domain expertise coupled with overdue demand for the product will unlock great value for their customers".
Epallet is a leading digital wholesale marketplace revolutionizing the supply chain industry. Through its innovative platform, Epallet connects suppliers and retailers, simplifying the wholesale purchasing process, optimizing operations, and delivering value to businesses. With an extensive product selection, competitive pricing, and advanced technology, Epallet empowers businesses to thrive in the digital age.