Freight intelligence platform GenLogs announced Monday it has closed a $14.6 million Series A funding round led by Venrock and HOF Capital to continue building out solutions utilizing the company’s sensor network tracking assets across the United States.
Steel Atlas, AutoTech Ventures, Venture 53, TitletownTech, Plug and Play Ventures and Heartland Ventures also participated in the round. The company has raised $21 million since 2023.
GenLogs’ technology uses roadside sensors and cameras to...
This fireside chat recap is from FreightWaves’ Domestic Supply Chain Summit on Wednesday.
FIRESIDE CHAT TOPIC: Today’s investor priorities in FreightTech.
DETAILS: The landscape for investment in transportation and logistics technologies has changed. Todd Fowler, director of strategic partnerships at VC Autotech Ventures, highlights what is attracting investor interest in today’s market.
KEY QUOTES FROM FOWLER:
“We see a lot of innovation in the FreightTech space. Everyone’s attracted to anything...
https://www.freightwaves.com/news/funding-tighter-but-still-a-lot-of-innovation-in-freighttech
On Tuesday, PICKUP, a last-mile delivery solution, announced it has raised $15 million in a Series B funding round and will use the money for expansion and a focus on the service experience.
The round was led by NewRoad Capital, including existing investors TDF Ventures, Noro-Moseley Partners and Florida Funders. New investors Autotech Ventures and the New York Angels joined the round as well. The company has raised a total of $26 million.
PICKUP Enterprise, the company’s integrated API solution,...
https://s29755.pcdn.co/news/pickup-raises-15m-for-white-glove-retail-delivery
Chicago-based newtrul, a digital freight aggregation platform, recently raised $2.25 million in a seed round.
Autotech Ventures led the financing, which also included participation from Plug and Play Ventures and follows recent announcements of integrations with two major transportation management system (TMS) providers — McLeod and MercuryGate.
The capital will enable expansion of newtrul’s supplier base to support growing demand, along with expanding feature enhancements, application...
https://www.freightwaves.com/news/newtrul-raises-225m-to-become-expedia-of-logistics-marketplaces
A serial entrepreneur, Kathryn Schifferle founded multiple successful software startups during her career before launching Work Truck Solutions (WTS) in 2012. She hasn’t slowed down since.
In 2019, she launched Comvoy, an online work truck and van marketplace built around what buyers need when shopping for a new or used commercial vehicle.
On Wednesday, Schifferle shared with FreightWaves President George Abernathy her journey navigating the venture capital world as she developed an inventory...