Founders Fund

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

Cloud supply chain firm Stord adds $120M in new funding at $1.3B valuation

Warehouse building

Cloud supply chain warehousing and logistics firm Stord announced on Tuesday an additional $120 million in series D financing, bringing the total funding in this series D to $210 million. The first $90 million was announced in September.

The latest funding was led by Franklin Templeton. The entire series D included participation from new investors Sozo Ventures, Strike Capital and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures,...

https://www.freightwaves.com/news/cloud-supply-chain-firm-stord-raises-120-million-led-by-franklin-templeton

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

Smart loading dock startup Kargo lands $6 million seed round

Smart loading dock technology

Smart loading dock tech startup Kargo announced Thursday it closed on a $6 million seed round. The round was led by Founders Fund and included Sozo Ventures, Accomplice and Hanover as well as technology executives.

The San Francisco-based company’s loading dock control tower, Argus, verifies incoming and outgoing freight and aggregates data, which allows shippers and carriers to manage dock operations.

Smart loading dock tower, Argus (Photo: Kargo)

The autonomous system uses sensors and cameras...

https://www.freightwaves.com/news/smart-loading-dock-startup-kargo-lands-$6-million-seed-round