Automotive radar systems solutions provider Spartan Radar announced Wednesday it has closed on a $15 million series A round led by Prime Movers Lab, with its existing investors, 8VC and Mac VC, participating in the round as well.
This raise comes just about two months after the company closed on a $10 million seed round led by Prime Movers Lab, showcasing the immediate need for level 2 autonomous mobility in the transportation market.
“After billions of dollars in investments and several AV...
Digital supply chain platform Beacon announced on Monday it has raised over $50 million in an oversubscribed Series B round led by Northstar.vc with participation from Upper90 and existing investors 8VC, Expa, Amazon founder and Executive Chair Jeff Bezos, and founder, Chairman and CEO of Salesforce Marc Benioff.
“At Northstar, we back technologies that have the potential to alter the trajectory of their respective industries, and Beacon’s game-changing platform has the potential to transform...
https://www.freightwaves.com/news/bezos-invests-in-overseas-supply-chain-platforms-beacon-and-ula
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
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...
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
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
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
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
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, 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...