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Fulfillment IQ Backs Tusk Logistics in $1.6 Million Pre-Seed Funding Round

Funding will help expand options for eCommerce companies who depend on regional shipping services

DC Velocity Staff
By DC Velocity StaffFeb 15, 2023
DC Velocity Staff
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ATLANTA – Feb. 15, 2023 – Fulfillment IQ, a supply chain tech consultancy that supports retail and eCommerce brands, 3PLs, and VCs with technology solutions, expands its portfolio with its recent investment in Tusk Logistics, a regional delivery network.

The $1.3M pre-seed funding round was led in partnership with Forum Ventures and Titletown Tech. The funding will be used to expand the current product roadmap as well as hire more team members to continue on the company’s strong growth trajectory.

“We're thrilled to welcome Tusk Logistics into our portfolio,” said Ninaad Acharya, co-founder and CEO of Fulfillment IQ. “Many of our eCommerce clients have expressed frustration with the limitations of the existing small parcel ecosystem. Tusk Logistics fills a critical need by helping eCommerce shippers overcome the challenges of navigating complex regional carrier networks, and offering them a reliable, cost-effective shipping solution that put their needs first.”

eCommerce shippers are currently forced to partner with expensive and large single-carriers like FedEx or UPS or rely on complex regional carriers, with each carrier requiring a negotiated account, bespoke technical integration and tailored operations. Due to the complexity of navigating these regional networks, less than 3% of all domestic small parcel volume – a $150B+ market – is delivered by regional carriers. Tusk Logistics helps navigate this process with its national network of top regional parcel carriers that puts shippers first, with low costs, reliable deliveries and proactive support.

Fulfillment IQ will now implement Tusk Solutions into its consultation services for eCommerce clients who need regional shipping support. For more information on Fulfillment IQ’s supply chain consulting services please visit, fulfillmentiq.com.

About Fulfillment IQ:

Fulfillment IQ (FIQ) is a leading tech development, implementation, and consulting organization that specializes in supporting retail and eCommerce brands, 3PLs, and VCs. With a team of experienced professionals, FIQ works closely with its clients to build effective strategies and implement cutting-edge technology to optimize supply chain operations and ensure the highest possible return on investment. FIQ's expertise in integrating technology enables its clients to achieve their growth and expansion goals. Follow along with FIQ Blog or on LinkedIn to learn more.

https://www.linkedin.com/company/fulfillmentiq
Industry Press RoomTechnologySC Services
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