seed funding

LuckyTruck raises $2.4M for insurtech, taps industry veteran as CEO

Insurtech company LuckyTruck announced Thursday it has raised a $2.4 million seed extension led by Candid Insurance Investors with participation from Markd, Draper University Ventures and SiriusPoint as the company scales its retail insurance platform that reduces time spent shopping insurance. Since its founding in 2019, LuckyTruck has raised a total of $6.5 million.

While founder and president Devin Bostick is new to the trucking industry, he has dedicated the past three years to consuming...

https://www.freightwaves.com/news/luckytruck-raises-24m-for-insurtech-taps-industry-veteran-as-ceo

LogRock raises $3.5M to automate carriers’ biggest risk — compliance

Trucking compliance solutions startup LogRock announced Thursday it has raised $3.5 million in seed funding led by Dynamo Ventures with participation from QED and 9Yards Capital to continue growing its team and platform to automate carriers’ compliance processes.

“Ensuring companies stay compliant certainly isn’t the sexiest venture, but in the trucking industry, it’s one of the most important aspects to get right,” said Jon Bradford, managing partner of Dynamo Ventures. “At Dynamo, we get...

https://www.freightwaves.com/news/logrock-raises-35m-to-automate-carriers-biggest-risk-compliance

Carrier fintech provider Outgo announces platform launch

All-in-one banking platform for freight haulers launched on Thursday.

Carrier-focused financial tech provider Outgo announced its launch Thursday. The Seattle-based venture-backed company has emerged from stealth with its platform that provides a vertical banking solution for carriers, allowing them to automate broker relationships as well as functions like invoicing, factoring and collections.

The company also announced it raised seed funding of $3.4 million in a round led by Neo and PSL Ventures. Other investors included Bezos Expeditions, Convoy co-founder and...

https://www.freightwaves.com/news/carrier-fintech-provider-outgo-announces-platform-launch

AxleHire founder sets sights on LTL with new company, seed funding

Warp is the newest business venture from AxleHire founder and former CEO

Daniel Sokolovsky has a Forrest Gump-like penchant for being wherever the action is in the world of delivery. In 2013, around the time of the rise of food delivery platforms like Uber Eats and DoorDash, Sokolovsky was heading up his own food delivery business, Berkeley Delivers, near his alma mater, the University of California, Berkeley.

Then, in 2015, he founded AxleHire, a company that would soon go toe-to-toe with one of delivery’s most influential and massive players. The company’s...

https://www.freightwaves.com/news/axlehire-founder-sets-sights-on-ltl-with-new-company-seed-funding

ConverSight.ai raises $4M to empower supply chains with patented AI assistant

Adaptive analytics platform ConverSight.ai announced Thursday it has closed on a $4 million seed round led by Elevate Ventures with participation from Surface Ventures, Rev1 Ventures, existing investors Bread and Butter Ventures and Charmides Capital, and angel investor Craig Fuller, founder and CEO of FreightWaves and CEO of FLYING Magazine. 

Powered by the patented artificial intelligence assistant called Athena, ConverSight.ai provides its customers with a SaaS-based analytics platform to...

https://www.freightwaves.com/news/conversightai-raises-4m-to-empower-supply-chains-with-patented-ai-assistant

Resilient Power wants to revolutionize EV charging

Resilient Power has announced a $5 million seed round of investment as it looks to build an alternative power option for electric vehicle charging infrastructure.

The round, led by Energy Transition Ventures, with investment from Amazon’s Climate Pledge Fund and GS Futures, the corporate venture capital arm of GS Group from Korea, is the first round from outside investors. The company had previously received $3 million in funding through contracts and grants from the U.S. Department of Energy,...

https://www.freightwaves.com/news/resilient-power-wants-to-revolutionize-ev-charging

InShare’s new seed funding seeks to get gig workers premium insurance for cheaper

InShare insurance saving gig economy and independent workers money

Rideshare drivers celebrated while Uber and Lyft castigated the California judiciary last week after Alameda County Superior Court Judge Frank Roesch declared the controversial Proposition 22, which exempted rideshare companies from classifying drivers as employees, unconstitutional. Efforts to secure expanded benefits and protections for gig workers have gained a higher profile, and there’s good news on the horizon for independent workers in search of insurance coverage.

Insurance platform InSha...

https://www.freightwaves.com/news/inshares-new-seed-funding-seeks-to-get-gig-workers-premium-insurance-for-cheaper

Talkshoplive secures $6M to build out livestream commerce service

talkshoplive livestream shopping company secures seed money from Raine

Los Angeles-based livestream commerce company talkshoplive (TSL) announced Thursday the completion of a $6 million seed extension, bringing the fast-growing startup to $10.5 million raised in total. The new round of funding was led by Raine Group, the venture capital arm of TMT-focused venture capital firm Raine Ventures, as well as by a group of angel investors in the entertainment and retail industries.

“We could not be more excited and grateful to be joining with Raine,” said Bryan Moore,...

https://www.freightwaves.com/news/talkshoplive-secures-6m-to-build-out-livestream-commerce-service

Milk Moovement closes $3.2M funding round

Milk Moovement, the startup seeking to modernize the dairy supply chain through cloud-based software, closed on a $3.2 million seed funding round on Thursday.

The round was led by Dynamo Ventures, alongside Matchstick Ventures, Bread & Butter Ventures, and Better Food Ventures. SOSV and Techstars provided follow-on investment in the round. Richard Cargill is a personal angel investor in Milk Moovement.

“Our proprietary software tracks all milk shipments from producers to processing plants and...

https://www.freightwaves.com/news/milk-moovement-closes-32m-funding-round

Canada-based Tyltgo raises $1.8M for white-label services

Tyltgo, a white-label delivery company for retailers, announced it has closed on CA$2.3 million ($1.8 million) seed investment. The round was led by TI Platform Management and included Y Combinator as well as angel investor Charles Songhurst. The Canadian company has also announced Kahled Hussein, a partner at TI Platform Management, will join Tyltgo’s board as chairman.

“Tyltgo has the potential to be one of Canada’s next great success stories, riding on the e-commerce wave from Shopify,”...

https://s29755.pcdn.co/news/canada-based-tyltgo-raises-18m-for-white-label-services

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