Afternoon Coffee: Catalant Raises $41 Million in New Funding, Amazon to Augment Whole Foods Warehouse Operations with Robots

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Boston-based Catalant announced Tuesday it had raised $41 million in new funding, according to Forbes. The investment includes debt financing and a Series D venture capital round co-led by Highland Capital Partners and General Catalyst Partners.

Stay tuned for more details and analysis on the new funding from Andrew Karpie, Spend Matters’ research director for labor and services procurement, and be sure to check out our Vendor Snapshot of Catalant for an overview of the provider, as well.

Robots to Aisle 12

One result of Amazon’s $13.7 billion acquisition of Whole Foods could be a total revamp of the way the organic grocer approaches distribution. In the negotiations leading to the deal, Business Times reported, Amazon spent a lot of time analyzing Whole Foods' distribution technology, pointing to a possible way in which the company sees the most immediate opportunities to reduce costs. Adding Amazon’s army of robots to Whole Foods’ warehouse could be just one way of using automation to reduce labour costs. 

OpusCapita Outsources 

Procurement automation provider OpusCapita announced Monday it has formed a global digitizing partnership with U.S.-based BancTec, according to a press release. OpusCapita’s digitizing production in Sweden, Norway and Poland will be outsourced to BancTec, and approximately 330 OpusCapita employees will be transferred to the new company during fourth quarter of 2017, the company said.

Durable Goods 

And finally, an economic update: Durable goods orders fell 1.1% from April to a seasonally adjusted $228.18 billion in May, the Wall Street Journal reported. Sharp declines in military and civilian aircraft orders led the decline.

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