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