Colosseum Advances Global Logistics with Strategic Investment from Hyosung Ventures
South Korean-based global logistics partner, Colosseum, has secured a strategic investment from Hyosung Ventures, the corporate venture capital (CVC) arm of Hyosung Group.
Colosseum, boasting a network of 41 global locations covering 260,000 square meters in logistics centers, offers an advanced AI logistics solution known as ‘COLO.’ The company provides a range of services, including e-commerce, cross-border fulfillment, freight forwarding, and corporate/food logistics, leveraging its expert group, Fulfillment Director.
The strategic investment aims to optimize processes by applying Colosseum’s logistics system to Hyosung’s overseas subsidiaries, particularly in Vietnam, fostering multifaceted collaboration.
Colosseum CEO, Park Jin-soo, expressed expectations of utilizing their flexible digital logistics processes across various business areas within the Hyosung Group. The collaboration aims to expand the global logistics center network and ensure effective service stability.
Hyosung Ventures highlighted their commitment to discovering innovative business partners aligned with future industry trends, fostering investment to support growth in both small businesses and the domestic industry.
In February, Colosseum secured dual-class voting rights, a first for a Korean startup, enhancing its management control for stable business expansion and investment attraction. The company is accelerating its overseas market expansion, with the recent establishment of a U.S. subsidiary.
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