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- Lots of Fundraising: OneRail secured a $42M Series C, Vooma raised $17M in funding, Solvento pocketed a $13M Series A
Lots of Fundraising: OneRail secured a $42M Series C, Vooma raised $17M in funding, Solvento pocketed a $13M Series A
Supply Chain Tech Trends
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Welcome back to Supply Chain Tech Trends, your twice monthly deep dive on supply chain tech news, events and analysis, written by Operator Stack.
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Top News
1) OneRail secured $42M in funding to solve last-mile delivery problems.
2) Vooma raised $16.6M in funding as brokers prepare for market swing.
3) Solvento pocketed $12.5M in funding to expand cross-border trucking.
“Last-mile delivery continues to be a significant hurdle for many companies, with nearly 90% of retailers facing challenges due to technical issues and high costs.”
Notable Fundings
OneRail, a last-mile solutions provider, raised $42M in funding led by Aliment Capital.
Class8, an AI-powered logistics solution for fleets, raised $22M in funding led by Xplorer Capital.
Vooma, an AI platform for freight brokers and carriers, raised $3.6M in seed funding led by Index Ventures and $13M in Series A funding led by Craft Ventures (both fundings just announced).
Solvento, a platform providing immediate payment solutions to the freight industry, raised $12.5M in funding led by Cometa.
Portcast, a real-time and predictive transportation visibility platform, raised $6.5M in funding led by Susquehanna Asia VC.
Cargoplot, a digital platform for global freight brokerage, raised $4M in funding led by Ubbo Hempenius.
Links to Ponder
Bill Driegert (Flexport head of trucking): New broker tech will be crucial in 5-10 years
E-commerce to drive air cargo industry expansion through 2043
GenLogs helping brokers generate leads and fight crime
Co-founder wants TuSimple liquidated
Controversial take: Tariffs aren't as important an issue in global logistics as the 52% chance of an East Coast port strike in January.
— Ryan Petersen (@typesfast)
8:02 PM • Nov 26, 2024
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