Deposco, a startup focused on supply chain solutions, has closed on an investment from UPS Strategic Enterprise Fund.
The amount of the investment was not disclosed.
The investment is the first for Deposco, the company said.
"We are pleased to have UPS, one of the most influential logistics solutions providers in the world, as an investor," said Chris Clark, Deposco’s chief executive officer. "Their knowledge and operational experience in logistics and supply chain management will greatly enhance Deposco’s ability to deliver superior technology to the supply chain solutions marketplace.”
Deposco offers its solutions on demand through a software-as-a-service model.
“Many UPS customers are small to medium-sized businesses that suffer from the same supply chain challenges as their larger counterparts," said Alan Koenning, UPS Strategic Enterprise Fund manager, in a statement. "Our investment in Deposco will give us insight into how these firms can improve their performance with simpler, more affordable supply chain solutions delivered via the Internet."
