Route Valuation, Funding & Investors

São Paulo-headquartered Olist serves as Brazil's leading commerce enabler for small and medium businesses, facilitating sales on major marketplaces through its integrated ecosystem. Olist Store connects merchants to platforms including Mercado Livre, Amazon, and Shopee, while Olist Shops delivers mobile-first ecommerce tools accessible in 180 countries. Complementing these, Olist Pax manages logistics and fulfillment across Brazil, and Olist Credit with Olist Pay handles financing and payments. Founded in 2015, Olist operates in over 2,000 Brazilian cities and pursues global expansion.

Infomart Corp is a Japan-based provider of business-to-business e-commerce software solutions. The firm's operations are organized in six segments: Application Service Provider (ASP) Ordering, which offers ordering systems and online document processing services; ASP Written Standards, which uploads written standards online; ASP Negotiation for groupware; ASP Ordering and Operation for food wholesale companies; Cloud Service, which offers a data delivery system for food wholesale companies; and Overseas, which offers solutions to overseas markets.

GigaCloud Technology Inc provides end-to-end and B2B e-commerce solutions for large parcel merchandise. Its B2B e-commerce platform, which is referred to as the GigaCloud Marketplace, integrates everything from discovery, payments, and logistics tools into one easy-to-use platform. It offers online and offline integrated cross-border transaction and delivery services for furniture and large merchandise. Its marketplace seamlessly connects manufacturers in Asia with resellers in the U.S., Asia, and Europe to execute cross-border transactions with confidence, speed, and efficiency. It offers a truly comprehensive solution that transports products from the manufacturer's warehouse to end customers, all at one fixed price. It earns the majority of its revenue from the United States.

Cart.com is an Austin-headquartered provider of end-to-end commerce and logistics solutions unifying operations for B2C and B2B brands across sales channels. The platform supports multichannel fulfillment through a nationwide network of warehouses, AI-powered optimization, and data science teams serving thousands of mid-market and enterprise customers spanning consumer goods and industrial sectors.

Flexe is a Seattle-headquartered on-demand warehousing and fulfillment network founded in 2013. It connects retailers like Nike, Patagonia, and HelloFresh to 1,000 warehouses totaling 100 million square feet across North America. Flexe's platform enables e-commerce scaling with same-day delivery and omnichannel distribution services.

ShipBob is a cloud-based logistics and fulfillment platform built for small and medium-sized e-commerce businesses, offering inventory management, order tracking, and analytics alongside a global network of fulfillment centers. Founded in 2014 through Y Combinator and based in Chicago, the company expanded from 10 to more than 24 facilities across the U.S., Canada, U.K., Ireland, and Australia, giving merchants a unified view of orders, inventory, and shipments across sales channels. It supports omnichannel offerings such as two-day shipping on marketplaces including Walmart Marketplace.

SendCloud is a Netherlands-based all-in-one shipping platform for e-commerce retailers. The Eindhoven-headquartered service integrates with carriers like PostNL, DHL, and UPS, enabling quick connections in about five minutes. It automates label generation, tracking, returns, and analytics, serving over 20,000 webshops across Europe to reduce shipping costs and improve delivery experiences.

SIRCLO is a Jakarta-headquartered e-commerce enabler in Indonesia delivering omnichannel platforms for businesses. It provides SIRCLO Store and IbuSibuk for entrepreneurs alongside enterprise tools like SIRCLO Commerce, ICUBE for analytics, Sooplai for supply chain management, and Orami for parenting products. The company maintains offices in Bandung, Yogyakarta, and Surabaya to support brands expanding online across Southeast Asia. Listed on the Indonesia Stock Exchange since 2022, SIRCLO powers digital commerce ecosystems including payment gateway QQPAY and POS system Qasir.

RELEX Solutions is a Helsinki-headquartered provider of AI-powered supply chain and retail planning software. Its unified platform optimizes demand forecasting, replenishment, and assortment for grocers like Morrisons, Coop Denmark, and Rossmann across 20 countries. With offices in North America and Europe, RELEX serves 300-plus retailers managing billions in annual sales.

Paddle is a London-headquartered fintech platform serving as merchant of record for software companies worldwide. It manages subscription billing, global payments, sales tax compliance, VAT handling, and fraud prevention in over 200 countries. The service integrates with CRM systems, analytics tools, and developer platforms to streamline checkout flows and revenue recovery for SaaS providers.

Yotpo is a New York-headquartered e-commerce retention marketing platform that unifies customer reviews, loyalty programs, SMS messaging, and visual UGC. Founded in Tel Aviv in 2011, the company powers post-purchase experiences for brands on Shopify, BigCommerce, and Magento. Yotpo integrates with 250-plus platforms, serving 20,000 merchants including Steve Madden and Sephora. Its AI-driven tools generate 2.5 billion user-generated photos annually. The Tel Aviv and New York offices support global operations, with expansions into mobile apps and WhatsApp integrations.

Weidian Group is a Guangzhou-based developer of e-commerce platforms tailored for WeChat integration. The service enables merchants to create SaaS-based online stores, manage inventory, process payments, and engage customers via social networks. Popular among small businesses and community shops, it supports product uploads across WeChat channels, serving millions of sellers in China's domestic market.

Signifyd is a San Jose-headquartered SaaS platform providing guaranteed fraud protection for e-commerce merchants. Founded in 2011, it uses machine learning to analyze over 300 data points per transaction, approving legitimate orders while covering chargeback losses up to approved limits. Signifyd powers conversions for brands like Under Armour, Puma, and Lenovo across North America, Europe, and Asia. The solution integrates with Shopify, Magento, and Salesforce Commerce Cloud, serving members of the Internet Retailer Top 500.

Airbyte is an open-source data integration platform syncing sources to warehouses like Snowflake, BigQuery, and Redshift. Headquartered in San Francisco with offices in Paris, the company offers over 300 pre-built connectors for APIs, databases, and SaaS apps including Salesforce and Stripe. Airbyte supports ELT pipelines with custom connector development via low-code tools.

AppDirect is a cloud service commerce platform connecting providers, developers, and consumers globally. San Francisco-headquartered and launched in 2009, it powers marketplaces for discovering, purchasing, managing, and monitoring services from Microsoft, Google, and Box. Partners including Telstra, ADP, Samsung, and Deutsche Telekom leverage its billing, distribution, and reselling capabilities to reach millions of businesses.

Xinhua Winshare Publishing & Media Co Ltd is engaged in integrated cultural operations specializing in the creative content production of publications, education services, cultural consumption services, supply chain services, and capital operation. Its activities are editorial and publishing of publications, sales of publications in physical stores and the internet, distribution of textbooks and supplementary materials, education information and equipment services, etc. It is through two operating segments; the Publication segment, which includes publishing books, periodicals, and audiovisual products, and the Distribution segment, which comprises the distribution of textbooks and supplementary materials. The group generates a majority of its revenue from the Distribution segment.

Rezolve AI PLC is an AI-powered solutions company, specializing in enhancing customer engagement, operational efficiency, and revenue growth for the retail and e-commerce sectors. The company's product, Brain Commerce, powered by its proprietary Large Language Model (LLM) brainpowa, transforms the online shopping experience. By surpassing traditional site search and product discovery tools, Brain Commerce improves conversion rates, increases average order value (AOV), and reduces cart abandonment. The company has one reportable segment, which is cloud-based services. Geographically, the company generates revenue from Canada, the United States, Mexico, Australia, the United Kingdom, and Japan, with the majority of revenue generated from the United States.