Kapgel’s new round

I’ve written about our on-demand goods delivery startup Kapgel many times before. I’m not going to link to each of the posts individually here, but you can follow the company’s evolution since our original investment in July 2015 by searching for “Kapgel” in the On-Site Search section to the right of this page.

The latest news from Kapgel is that the company has raised $1M in its latest funding round. We’re fortunate to have the participation of Wamda Capital, Addventure, and Melih Odemis in the round which we led. This is our second co-investment with Wamda after ride sharing startup Volt. It’s the first time that we’re partnering with Addventure, who recently also invested in Turkey’s leading local services marketplace Armut. And it’s our third startup co-investment with Melih after customized product retail and marketplace business Buldumbuldum and customer acquisition and conversion optimization platform Insider.

The round is the result of about a year of hard work by Kapgel’s founder Cetin and the Kapgel team. They’ve shown that they can build a strong product, attract high-demand merchants onto their marketplace, and manage their couriers in order to deliver a great end-user experience, all while running a lean operation. They’ve earned the right to more fuel to scale the business and we’re glad to provide it to them.

Also published on Medium.