Venture 53

Venture 53 partner talks winning early stage strategies

Industry experience, an ability to market a product and a total addressable market are the main requirements for a successful FreightTech launch, John Larkin, senior partner at Venture 53, said Wednesday at FreightWaves’ F3: Future of Freight Festival.

Larkin said an early stage company’s ability to scale quickly is key to success, and that is usually only realistic if the potential market is large enough. He said it’s also preferable that a new company is working on a problem that no one else...

https://www.freightwaves.com/news/venture-53-partner-talks-winning-early-stage-strategies

FreightTech Friday: Alvys raises $20.5M to accelerate tech development

Logistics software provider Alvys announced Monday it has closed its Series A with $20.5 million in funding led by Titanium Ventures, with participation from Picus Capital and existing investors RTP and Bonfire. The company is looking to continue to develop its current offerings and support customer growth. Alvys has raised about $30 million to date.

Nick Darman, founder and CEO, told FreightWaves in an email Alvys is prioritizing its development in less-than-truckload and cross-border...

https://www.freightwaves.com/news/freighttech-friday-alvys-raises-20-5m-to-accelerate-tech-development

Paxafe raises $9M, highlights 330% revenue growth over past year

Paxafe, an AI software provider for the cold chain market, announced Tuesday it has closed on a $9 million Series A funding round led by Framework Venture Partners with participation from Microsoft venture capital fund M12, Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels and Mama Ventures.

This round also included previous investors Ubiquity Ventures and Venture 53, which led Paxafe’s seed round in 2022. The company has raised $14 million since founding in 2018.

Paxafe plans...

https://www.freightwaves.com/news/paxafe-raises-9m-highlights-330-revenue-growth-over-past-year

Venture 53 invests in Heale Labs’ tokenization technology

Heale Labs announced Thursday it has received a seed investment from the supply chain technology fund Venture 53 as the company continues its work to standardize industry data. Terms of the funding were not disclosed.

“Heale solves some of the thorniest issues in supply chain and logistics. With unparalleled data accuracy and real-time connectivity, we’re introducing a new era of efficiency, reliability and profitability in global supply chains,” said founder Todd Haselhorst.

To understand what...

https://www.freightwaves.com/news/venture-53-invests-in-heale-labs-tokenization-technology

Optym lands strategic investment from industry backer Venture 53

Optym, a provider of solutions for enhancing efficiency, on Tuesday announced it has secured a strategic investment from Venture 53, an industry fund. This investment will support Optym in further developing optimization tools to address the intricate challenges faced across various modes of transportation. Terms of the investment were not disclosed.

“When choosing a capital partner, it’s important to work with a team who can provide strategic advice with a deep understanding of your industry,”...

https://www.freightwaves.com/news/optym-lands-strategic-investment-from-industry-backer-venture-53

Fillogic closes $13M Series A, grabs third spot on FreightTech 25

Logistics platform Fillogic announced it has closed its $13 million Series A funding round led by Revelry Venture Partners (RVP) with participation from existing investors including XRC Ventures, Closed Loop Partners, Venture 53, Groundbreak Ventures and Green Egg Ventures.

Fillogic leverages what it has coined “channel-free logistics,” a competing fulfillment model to the traditional omnichannel experience.

According to the company, shifting the focus from channels to a channel-free approach...

https://www.freightwaves.com/news/fillogic-closes-13m-series-a-grabs-third-spot-on-freighttech-25

Risk management platform Paxafe closes investment with strategic industry insiders

Visibility and risk management platform Paxafe announced it has closed on an additional $1.5 million in capital  led by early-stage fund Venture 53 with participation from Value Chain Ventures, project44 founder and CEO Jett McCandless and Peter Rentschler, CEO of supply chain business consulting and software development firm Metafora, formerly known as CarrierDirect. 

This comes after recently raising its seed round in 2021, led by Ubiquity Ventures and participation from Greenlight...

https://www.freightwaves.com/news/risk-management-platform-paxafe-closes-investment-with-strategic-industry-insiders