8vc

HDVI raises $32.5M to mitigate risk, lower insurance premiums

In a 2020 report, the American Transportation Research Institute (ATRI) found that fleets of over 1,000 power units reported insurance costs of 5.3 cents per mile, whereas those with fewer than 26 power units were paying over 15 cents per mile. 

ATRI found that these smaller fleets had lower adoption of active safety systems and a lack of risk management strategies to combat rising insurance costs.

Commercial auto insurance technology provider High Definition Vehicle Insurance (HDVI) Group looks...

https://www.freightwaves.com/news/hdvi-raises-32-5m-to-mitigate-risk-lower-insurance-premiums

Cold Chain keynote: Lineage Logistics focused on automation, supply chain visibility

This keynote interview is part of FreightWaves’ Cold Chain Summit virtual event

The COVID-19 pandemic thrust the food logistics industry into the spotlight as millions of consumers turned to e-commerce platforms to order most of their household essentials, including groceries, amid labor and transportation challenges.

Keynoting FreightWaves’ Cold Chain Summit, Sudarsan Thattai, CIO of Lineage Logistics, says his company is well-positioned to address supply chain challenges going forward through...

https://www.freightwaves.com/news/cold-chain-summit-lineage-logistics-focused-on-automation-supply-chain-visibility

Lineage, 8VC announce alliance to advance supply chain innovation

Supply chain tech investment on the rise

The world’s largest temperature-controlled facility operator, Lineage Logistics, and the tech-focused venture capital firm 8VC announced Thursday a strategic alliance “to invest in promising technology startups that drive the transportation and logistics industry forward.”

The companies have worked together in the past through Lineage’s tech investment arm, Lineage Ventures, to propel logistics startups like global supply chain visibility platforms project44 and Trackonomy and digital...

https://www.freightwaves.com/news/lineage-8vc-announce-alliance-to-advance-supply-chain-innovation

8VC files for two new funds, intends to raise over $1B

Austin, Texas-based 8VC, a venture firm within the logistics industry, has submitted filings with the U.S. Securities and Exchange Commission for two new venture capital funds this week. The funds, 8VC Opportunities Fund II L.P. and 8VC Fund IV L.P., intend to raise $880 million and $640 million, respectively.

While the firm has not addressed what type of investments the new funds will be for, 8VC has been acclaimed for its investments in supply chain technology companies.

Last month, 8VC was...

https://www.freightwaves.com/news/8vc-files-for-two-new-funds-intends-to-raise-over-1b

Project44 raises $202M in Series E, boosts value to $1.2B

Global supply chain visibility firm project44 has announced it has closed on a $202 million Series E round led by funds managed by Goldman Sachs Asset Management (NYSE: GS) and Emergence Capital, with increased investment from its current investors, including Insight Partners, Sapphire, 8VC, Chicago Ventures and Sozo. The company has raised $442.5 million since 2016 and with its recent raise is valued at $1.2 billion.

“We are fully aligned with the vision that Jett and his team have set forth to...

https://www.freightwaves.com/news/project44-raises-202m-in-series-e-boosts-value-to-12b

Viewpoint: Q&A on infrastructure legislation in Washington

The views expressed here are solely those of the authors and do not necessarily represent the views of FreightWaves or its affiliates. Jake Medwell, founding partner at 8VC, and Loren A. Smith Jr., president of Skyline Policy Risk Group, take a look at potential impacts on trucking. This will be a regular quarterly Q&A exclusively on FreightWaves.

By Jake Medwell and Loren Smith

Q: President Biden and the Congress are still hammering away on a big infrastructure and tax plan. What’s the latest?

A:

https://www.freightwaves.com/news/viewpoint-qa-on-infrastructure-legislation-in-washington

Digital drop-freight platform Baton closes $10.5M Series A

Driver experience today, global autonomous infrastructure tomorrow

Wednesday morning digital drop-freight startup Baton announced that it raised a $10.5 million Series A venture capital round co-led by 8VC and Maersk Growth. 

Ryder, Lineage Logistics and Prologis also participated in the round and were joined by angel investors Jett McCandless, Shoaib Makani and John Larkin. Craig Fuller, the founder and CEO of FreightWaves, serves as an adviser to Baton; 8VC invested previously in FreightWaves.

Ba...

https://www.freightwaves.com/news/digital-drop-freight-platform-baton-closes-10-5m-series-a

FloorFound raises $4M to simplify resale of oversized retail returns

FloorFound, a software platform that facilitates returns for resales of oversized products for e-commerce retailers, announced Wednesday a $4 million seed round led by LiveOak Venture Partners.  Flybridge Capital, Next Coast Ventures, 8VC, individual investor Brett Hurt and FloorFound’s pre-seed investor, Schematic Ventures, also participated in this round. In total, FloorFound has raised $4.6 million in funding since its inception last year.  

FloorFound will be using the capital to support...

https://www.freightwaves.com/news/floorfound-raises-4m-to-simplify-resale-of-oversized-retail-returns

DASH Systems raises $8M seed round for next-day precision airdrop

Precision airdrop changes air cargo network topologies and unit economics

Los Angeles-based freight-tech startup DASH Systems announced Wednesday morning it closed an $8 million seed round led by 8VC. Tusk Venture Partners, Loup Ventures, Trust Ventures, Perot Jain and Make in LA also participated in the raise. 

DASH Systems founder and CEO Joel Ifill has a vision of making next-day delivery available anywhere in the world. What makes that possible and economical is a new approach to air cargo...

https://www.freightwaves.com/news/dash-systems-raises-8m-seed-round-for-next-day-precision-airdrop

Pitchbook names 8VC most active freight tech investor

The universe of venture capital-backed freight tech startups has matured since 2015, when the space was still in its infancy. In 2019, average late-stage valuations reached $158 million, 430 deals were closed and $11.8 billion was invested in freight tech startups.

Freight tech has evolved as new themes have emerged. First, digital freight-matching companies were aggressively funded, which touched off a new wave of technology innovation across the third-party logistics industry. Then visibility...

https://www.freightwaves.com/news/pitchbook-names-8vc-most-active-freight-tech-investor

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