Freight transport and trucking-focused startups account for a significant slice of funding to the broader supply chain and logistics category, and have received significant funding and press coverage recently.
We used the CB Insights platform to surface 12 notable, early-stage startups developing software platforms specifically aimed at disrupting the trucking industry. We selected these companies based on the recency and size of the companies’ disclosed funding and their Mosaic score, CB Insights’ algorithm that uses financial and non-financial signals to predict private company health. For more information on CB Insights Mosaic scoring tool read this.
Of the companies on our list, 7 are Series A startups and 5 are seed or angel-stage companies that have raised money within the last year. We have listed them in descending order of disclosed funding.
Series A trucking tech companies to watch
1. Peloton Technology
Headquarters: Mountain View, California
Disclosed Funding: $24.4M
Select Investors: Castrol innoVentures, Intel Capital, UPS Strategic Enterprise Fund, Volvo Group Venture Capital, Nokia Growth Partners, ARPA-E, Lockheed Martin
Peloton Technology uses network platform technology and physical sensors to track and connect pairs of trucks into “platoons” that improve truck safety and provide fuel efficiency via reduced wind drag.
2. Trucker Path
Headquarters: San Jose, California
Disclosed Funding: $21.5M
Select Investors: Renren Lianhe Holdings, Wicklow Capital
Trucker Path is a community app and platform that helps truckers find well-rated truck stops, parking, and weigh stations.
3. Convoy
Headquarters: Seattle, Washington
Disclosed Funding: $18.5M
Select Investors: Bezos Expeditions, Greylock Partners, Drew Houston, Dara Khosrowshahi, Kevin Systrom, Marc Benioff
Convoy connects shippers and trucking companies to book jobs efficiently using a mobile app.
4. FourKites
Headquarters: Chicago, Illinois
Disclosed Funding: $17.9M
Select Investors: Harvard Business School, Hyde Park Angels and Hyde Park Venture Partners, Bain Capital Ventures
FourKites is a logistics platform for shippers, brokers, and carriers that leverages partnerships with GPS providers to deliver real-time truck location data.
5. Cargomatic
Headquarters: Venice, California
Disclosed funding: $12M
Select investors: SV Angel, Sherpa Capital, Canaan Partners, Winklevoss Capital, Volvo Group Venture Capital
Cargomatic is a platform service that connects shippers with less-than-truckload truckers in real time. The company also provides real-time tracking and status updates.
6. KeepTruckin
Headquarters: San Francisco, California
Disclosed funding: $10.3M
Select Investors: Google Ventures, Index Ventures
KeepTruckin is a fleet management logistics tool for fleet managers and truckers. The tool automatically keeps logs of fleet hours, miles traveled and tracks fleet or individual trucks.
7. Sontra
Headquarters: Sao Paulo, Brazil
Disclosed funding: $4.15M
Select Investors: Lumia Capital, Valor Capital Group
Sontra is a platform-based technology that connects shippers and truckers via an online marketplace. The company operates throughout Brazil.
5 seed and early-stage companies to watch
1. Convargo
Headquarters: Paris, France
Disclosed funding: $1.7M
Select Investors: Jacques-Antoine Granjon, Jean-David Blanc, Pierre Kosciusko-Morizet, Xavier Niel
Convargo is a Parisian startup that connects shippers with trucking carriers in real time.
2. Freightera Logistics
Headquarters: Vancouver, Canada
Disclosed funding: $1.68M
Select Investors: Robson Capital Partners, Ted Snider Financial
Freightera Logistics is an online marketplace for freight shipping. The platform matches manufacturers, distributors, and wholesalers with empty or less-than-truckload truckers.
3. CDL Warrior
Headquarters: Pittsburgh, Pennsylvania
Disclosed funding: $170K
Select Investors: Innovation Works, Techstars
CDL Warrior helps truckers to find parking, automate their logbooks, track their trips and miles, and review over 265,000 shipper profiles.
4. Palleter
Headquarters: Tartu, Estonia
Disclosed funding: $120K
Select Investors: Techstars
Palleter is a platform that connects freight shippers with less-than-truckload truckers.
5. Zuum
Headquarters: Ontario, California
Disclosed funding: $100K
Select Investors: Victor Garcia
Zuum provides a platform to connect shippers and truckers locally and nationally within the US.
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