RouteWise
RouteWise closed Q1 2026 with $6.1M ARR, up 45% year-over-year. The company continues to add enterprise customers at a healthy pace (74 as of Q1 2026), and gross margins have expanded to 68%. The business is approaching cash flow breakeven as unit economics improve.
The expansion from logistics into retail fulfillment is showing early traction, with 8 new retail customers signed in Q4. This vertical diversification reduces concentration risk. Recommend discussing Series C timeline at the next board meeting.
Metrics
Annual Recurring Revenue
Gross Margin
Customer Count
| Vehicle | Type | Round | Date | Invested | Shares | Price | FMV | |
|---|---|---|---|---|---|---|---|---|
| Fund I | Investment | Seed | Mar 20, 2022 | $400,000 | 400,000 | $1.00 | $5,000,000 | |
| Fund I | Investment | Series A | Jul 15, 2023 | $1,000,000 | 333,333 | $3.00 | $4,166,663 | |
| Fund I | Investment | Series B | Nov 1, 2024 | $2,000,000 | 285,714 | $7.00 | $3,571,425 | |
| Fund I | Valuation Update | - | Dec 31, 2025 | - | - | $12.50 | $6,800,000 |
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Recent Interactions
View allSeries C timing discussion
James wants to start Series C conversations in Q3 2026. Discussed target raise ($30-40M), potential leads (a]6z, Coatue), and whether to hire a CFO before the process.
Intro: James Okafor <> Maria Santos (COO, GlobalFreight)
Introduction between James Okafor (RouteWise CEO) and Maria Santos (COO at GlobalFreight) to explore potential partnership for last-mile delivery optimization.
Founders
James Okafor, Lin Wei
Overview
Last-mile delivery optimization platform used by enterprise retailers and logistics providers.
Why We Invested
Category leader in a $40B TAM with sticky enterprise contracts and strong unit economics.