Dubai, UAE, June 29, 2016 – Aramex, a leading global provider of comprehensive logistics and transportation solutions, today announces that it has invested US $2.94 million as part of a US $8.5 million Series B funding round with what3words, the multi-award winning addressing platform. This investment comes to further enhance Aramex’s global e-commerce operations. Previous investors, Intel Capital and British funds Force Over Mass and Mustard Seed also contributed to the deal.
what3words is an address system based on a global grid of 57 trillion 3mx3m squares, where each square has a unique pre-assigned 3-word address. The solution helps everyone who needs to find or share a location – whether they are navigation apps, governments, logistics firms, travel guides or NGOs.
Read more at aramex.com