Many of these trucking tech companies focus on connecting truckers and shippers more efficiently, and providing real-time status updates.
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’ proprietary 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, 6 are Series A startups and 6 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. 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.
2. 10-4 Systems
Headquarters: Boulder, Colorado
Disclosed Funding: $13.9M
Select Investors: Andrew Leto
10-4 Systems is a platform service that connects carriers, brokers, and shippers to move and track freight in real-time.
3. OnTruck
Headquarters: Madrid, Spain
Disclosed Funding: $12.2M
Select Investors: Atomico, IDInvest Partners, Point Nine Capital, Samaipata Ventures
OnTruck is an on-demand logistics platform that connects businesses with road freight companies.
4. project44
Headquarters: Chicago, Illinois
Disclosed Funding: $10.5M
Select Investors: Chicago Ventures, Emergence Capital Partners, Silicon Valley Bank
project44 provides a network of APIs to facilitate real-time information flow between supply chain partners for less-than-truckload shipments.
5. Fortigo Network Logistics
Headquarters: Bengaluru, India
Disclosed Funding: $10M
Select Investors: Accel Partners India, Nandan Nilekani
Fortigo Network Logistics is a fleet management and logistics marketplace platform for fleet owners, truck drivers, transporters, and transport companies to look for loads or find matching trucks with the best rates.
6. Blowhorn
Headquarters: Bengaluru, India
Disclosed Funding: $3.8M
Select Investors: Draper Associates, IDG Ventures India, Unitus Seed Fund
Blowhorn is an online platform that connects customers who want to move goods to owners of mini-trucks and provides training for drivers.
6 seed and early-stage companies to watch
1. Baba Super
Headquarters: Shenzhen, China
Disclosed Funding: $4.5M
Select Investors: The Launcher Corporation
Baba Super is a mobile platform connecting independent truck drivers to customers.
2. 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.
3. Freightera Logistics
Headquarters: Vancouver, Canada
Disclosed Funding: $1.7M
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.
4. FR8
Headquarters: Chennai, India
Disclosed Funding: $970K
Select Investors: Omnivore Partners
FR8 is an online marketplace offering long-haul trucking solutions to large corporations, small-to-medium businesses, and stakeholders in the agribusiness ecosystem.
5. Drive Spotter
Headquarters: Omaha, Nebraska
Disclosed Funding: $910K
Select Investors: Global Insurance Accelerator, Grinnell Mutual Reinsurance, Techstars
Drive Spotter aggregates and analyzes dash camera footage to help fleet managers train, engage, and incentivize drivers.
6. Ezyhaul
Headquarters: Singapore
Disclosed Funding: $840K
Select Investors: N/A
Ezyhaul is a platform that connects freight shippers with truckers to maximize fleet usage and reduce occurrence of empty back hauls.
This report was created with data from CB Insights’ emerging technology insights platform, which offers clarity into emerging tech and new business strategies through tools like:
- Earnings Transcripts Search Engine & Analytics to get an information edge on competitors’ and incumbents’ strategies
- Patent Analytics to see where innovation is happening next
- Company Mosaic Scores to evaluate startup health, based on our National Science Foundation-backed algorithm
- Business Relationships to quickly see a company’s competitors, partners, and more
- Market Sizing Tools to visualize market growth and spot the next big opportunity