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Forager Secures $10 Million Series A Financing Round Led by U.S. Venture Partners

Cross-border tech company to actively accelerate implementation of product roadmap while setting the new standard for cross-border shipping. CHICAGO–(BUSINESS WIRE)–Forager, the technology company providing cross-border solutions to the logistics industry, today announced a $10 million Series A financing round. U.S. Venture Partners (USVP) led the investment round with participation from existing investors Chicago Ventures and […]

The ‘Uber for trucking’ tries to navigate some Uber-scale problems – Dina Bass | Oct 29 2019 at 06:00 AM

Amit Sekhri took up trucking in the thick of the Great Recession, drawn in part by the freedom of driving the open roads. He was prepared for long hours and weeks away from home. But two of his biggest—and least expected—gripes were the constant phone calls and late payments. Like many truckers, Sekhri booked his […]

Uber Invests $200 Million to Expand Freight Trucking – Supply Chain 247 – By 24/7 Staff

Uber & Uber Freight Investment As reported by The Verge, Uber will invest $200 million and hire thousands of engineers to bolster its two-year-old long-haul trucking venture, Uber Freight, the company announced today. It’s a huge vote of confidence in Uber’s growing freight division, even as Uber’s overall business continues to hemorrhage billions of dollars every […]

Nigerian digital freight marketplace Kobo360 raises $20 million – FreightWaves – Vishnu Rajamanickam, Staff Writer

Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa, revolutionizing a cacophonic market riddled with several inconsistencies.  Kobo360 began its journey […]

Cart Before the Horse: Digital Freight Matching, A.I. and Machine Learning for Freight –

Cart Before the Horse: Digital Freight Matching, A.I. and Machine Learning for Freight 5/8/2019 Strategy and Innovation Technology Technologies are assisting to automate tasks that require lots of repetition and grunt work, allowing people to focus on tasks that require a human touch. In the case of brokerages, it would be impossible for their carrier […]

KeepTruckin receives $149 M in Series D funding – CCJ – CCJ Staff

Electronic log provider KeepTruckin announced April 23 it has received $149 million in Series D investment funding, with the company valued at $1 billion. The latest round of funding brings KeepTruckin’s total investment capital to $228 million. The company says it will use the new round of cash to fund new hires, invest in hardware, […]

KeepTruckin Adds $149 Million in Funding to Build Up Freight Platform – WSJ – By Jennifer Smith

KeepTruckin Inc., whose technology helps carriers manage fleets and track driver behavior, said it has raised $149 million to build out an online freight-matching platform and other new products in an increasingly active market for digital freight services. The Series D funding round gave the six-year-old San Francisco-based startup a valuation of $1.2 billion, up […]

FreightTech investment surges in 2019 – FreightWaves – Linda Baker, Staff Writer

PitchBook and FreightWaves have crunched the numbers and confirmed what most of us already know – the FreightTech sector, defined loosely as software companies that aid in the movement of freight, is on a tear. FreightTech growth has an analog in the broader transportation services category, with four of the five largest venture capital deals […]

Tech Investor Iconiq Buys Majority Share of Truckstop.com – Transport Topics – Jim Stinson | Staff Reporter

Truckstop.com A private equity firm known for investing in tech companies such as Uber and SurveyMonkey has made a significant investment in Truckstop.com, an Idaho-based load board and freight-matching service, continuing the trend of private investment dollars flowing into trucking tech firms. Truckstop.com and Iconiq Capital, a tech-focused investment firm in Palo Alto, Calif., made […]

Digital freight brokerage growth to accelerate sharply over next five years – FreightWaves – John Paul Hampstead, Associate Editor

The business consulting firm Frost & Sullivan released the results of its new study of trucking-as-a-service (TaaS) and digital freight brokerage this week. From an estimated current size of $11.2 billion, Frost & Sullivan expects TaaS to grow to $79.4 billion by 2025. Digital freight brokerage will account for the lion’s share of this market—Frost […]