Neopost took a majority stake in the e-commerce logistics company through its series B investment, which Temando will use to expand internationally.
Shipping and communications services producer Neopost has provided A$50m ($38.4m) in series B funding for Australia-based e-commerce logistics company Temando, taking a majority stake in the process.
Founded in 2009, Temando is looking to incorporate the world’s logistics information into a single platform, enabling e-commerce companies to compare delivery options by price, service type, reliability and speed.
Neopost’s investment will be used by Temando to fund product development and geographical expansion. Temando will also harness France-based Neopost’s international resources to…
