Andreessen Horowitz

Orderful raises $15M with NewRoad, aims to improve data interchange with AI

Orderful, an integration platform for electronic data interchange for the logistics and supply chain sectors, announced Wednesday that it has raised $15 million in a funding round led by NewRoad Capital Partners. This investment will support Orderful’s goal of streamlining EDI integration and enhancing data connectivity across the industry.

New investors included 9Yards, Flume Ventures and NFI ventures, joined by existing backers Andreessen Horowitz and GLP Capital Partners. The company last rais...

https://www.freightwaves.com/news/orderful-raises-15m-with-newroad-aims-to-improve-data-interchange-with-ai

TruckSmarter raises $25M to grow owner-operator ‘ecosystem’

Digital trucking platform TruckSmarter announced it has closed a $25 million Series B funding round led by Thrive Capital with participation from Bain Capital, FJ Labs, Founders Fund, Andreessen Horowitz and Fin Capital to continue building on its dedicated platform for owner-operator functions.

Since 2021, the company has raised $44 million from many investors in the latest round and other industry angel investors including Ryan Petersen (Flexport), Tony Xu (DoorDash), Eric Glyman (Ramp), and...

https://www.freightwaves.com/news/trucksmarter-raises-25m-to-grow-owner-operator-ecosystem

Instacart files for IPO, but should it?

Woman wearing Instacart shirt reaches for vegetables in a grocery store aisle.

Instacart said late Wednesday night that it had filed a Form S-1 with the Securities and Exchange Commission for a possible initial public offering.

According to Bloomberg, the delivery firm is working with Goldman Sachs and J.P. Morgan on the possible offering, which Instacart said is not a definitive choice as of yet.

An IPO was rumored last year, although there was some speculation that Instacart would forgo the traditional IPO route and go the direct listing route instead. In a direct...

https://www.freightwaves.com/news/grocery-delivery-firm-instacart-files-for-ipo

Flexport winning $8B valuation with tech-enabled global logistics

Global logistics platform Flexport announced Monday it is looking to close a $935 million series E investment round by the end of the first quarter that will value the company at over $8 billion.

The round is being led by Andreessen Horowitz and MSD Partners with participation from strategic investor Shopify; existing investors DST Global, Founders Fund and SoftBank Vision Fund 1; and new investor Kevin Kwok.

“Global trade is facing historic challenges, which demand innovative approaches that...

https://www.freightwaves.com/news/flexport-winning-8b-valuation-with-tech-enabled-global-logistics

Orderful raises $19M to simplify EDI integrations for logistics community

Cloud platform Orderful announced Friday it has recently closed a $19 million Series B funding round led by GLP Capital Partners with participation from Andreessen Horowitz and Initialized Capital to help all supply chain actors gain visibility into their networks through electronic data interchange (EDI).

“While the front end of commerce has seen significant innovation over the past decade, much of the back end of the supply chain is built on disparate systems and manual processes. We see...

https://www.freightwaves.com/news/orderful-raises-19m-to-simplify-edi-integrations-for-logistics-community