#fundraising

Dray Alliance raises $40M for data-driven supply chain solutions

Drayage digital platform Dray Alliance announced last week it has closed on a $40 million series B round led by Headline with participation from Craft Ventures, Matrix Partners, Quiet Capital and Harpoon Ventures to continue building a solution to make the shipment of containers from ports to nearby warehouses more systematic.

The drayage technology company was co-founded by Steve Wen, who grew up around port drivers in California while helping his immigrant parents with their importing company...

https://www.freightwaves.com/news/dray-alliance-raises-40m-for-data-driven-supply-chain-solutions

Ocean freight shipping exchange Nyshex nets $15M in latest round

Hapag-Lloyd is a member of Nyshex

Facilitator of two-way committed ocean contracts New York Shipping Exchange (Nyshex) announced Wednesday it has raised $15 million in a recent funding round. The round was led by NewRoad Capital Partners and included Collate Capital, Blumberg Capital and the New York Angels.

Since its start in 2015, Nyshex has sought to ensure contract performance between shippers and carriers on its digital platform.

The exchange is designed to make sure ocean shipping contract terms are clear, there is an...

https://www.freightwaves.com/news/ocean-freight-shipping-exchange-nyshex-nets-15m-in-latest-round

Seafarers’ International Relief Fund hits US$1 million target

The Seafarers’ International Relief Fund has hit its targets thanks to generous donations from the global shipping community. Photo credit: Sharon McCutcheon via Unsplash.

Substantial donations from NYK Line, a Shipping Australia member, and other donors have pushed total funds past the US$1 million goal; funds to be urgently distributed to support COVID relief efforts for seafarers and families.

The target was reached thanks to a substantial donation from NYK Line, plus many other personal and...

https://www.shippingaustralia.com.au/seafarers-international-relief-fund-hits-us1-million-target/

Shogun raises $67.5M to scale headless commerce technology

Headless commerce company Shogun has raised $67.5 million in a Series C funding round led by Insight Partners. Existing investors Initialized Capital, Accel and VMG Partners also participated. The new funding round brings total funding in the startup to $114.5 million.

Headless commerce refers to a technology platform that stores, manages and delivers content on demand through an API rather than hosting the content in a static front-end system. Shogun offers two solutions to brands and retailers...

https://www.freightwaves.com/news/shogun-raises-67-5m-to-scale-headless-commerce-technology

Exclusive first ride: Nikola electric truck can turn on a dime

PHOENIX — From a minimalist cockpit-style cab with nearly every function visible on a 17 1/2-inch display monitor to whisper-quiet battery-electric operation and a turning radius that could jackknife a typical semi, the Nikola Tre daycab is no enhanced computer image or exaggeration. It is a very real truck. 

The proof came during FreightWaves’ exclusive ride last Thursday on a 1.9-mile oval track in the Phoenix area.

Nikola (NASDAQ: NKLA) is racing the clock to deliver after months of harsh...

https://www.freightwaves.com/news/exclusive-first-ride-nikola-electric-truck-can-turn-on-a-dime

Trucks Venture creates two new funds, empowers women in transportation

Trucks Venture Capital announced it has launched two funds to make transportation safer, cleaner and more inclusive.

Trucks Venture Fund 2 (TVF2), its new core fund, recently closed on $52,525,252, an amount based on an infatuation with repeating numbers. The fund is backed by seven large global partners — three auto OEMs, three auto suppliers and one communications company that have not been disclosed — to create a knowledge network for future transportation entrepreneurs.

We raised our...

https://www.freightwaves.com/news/trucks-venture-creates-two-new-funds-empowers-women-in-transportation

Logixboard raises $13M to modernize freight forwarders’ customer experience

Logixboard, a white-label platform for freight forwarders, has announced it has closed a $13 million Series A investment led by Redpoint Ventures, including continued investment from Social Leverage, F-Prime Capital Partners and Founders Co-op. The company has raised a total of $18.8 million since 2016.

Logixboard’s platform enables freight forwarders to create a customized digital experience for their customers, creating a transparent environment that mirrors shipment tracking platforms like...

https://s29755.pcdn.co/news/logixboard-raises-13m-to-modernize-freight-forwarders-customer-experience

PICKUP raises $15M for white-glove retail delivery

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

Stripe most expensive startup in US with $95B valuation

Payments technology provider Stripe has raised $600 million in additional funding for a $95 billion valuation, making the firm the most valuable startup in the U.S., according to CB Insights, which pegs the company’s valuation second only to China’s Bytedance in the world. Bytedance is valued at $140 billion. 

Stripe, which is based in San Francisco, California, and Dublin, Ireland, was valued at $36 billion last April when it also raised $600 million. Total funding across 15 rounds is now $2.2...

https://www.freightwaves.com/news/stripe-most-expensive-startup-in-us-with-$95b-valuation

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