# Baton Trucking

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baton-trucking

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.baton.io
- Total disclosed funding: $14M
- Latest round: Series A (Mar 11, 2021)
- Investors on record: 8

## About

Founded in 2019 and based in the US, Baton Trucking Inc. offers a drop-freight platform that reduces transportation time. Nate Robert and Andrew Berberick are the co-founders of the company. In March 2021, Baton Trucking Inc. raised USD 10.5 million in Series A funding from Maersk Growth, including 8VC, ProLogis Inc., Mana Ventures, Cooley Godward, Lineage Logistics, LLC, and RyderVentures, valuing Baton Trucking Inc. at USD 50 million post-money. In August 2022, Ryder acquired Baton.

The company offers a logistics technology platform that allows long-distance truckers to drop off and pick up loads at Baton drop zones, and then a network of local fleets handles the first and last mile of delivery to warehouses. The firm eliminates the wasted hours associated with long-haul truck detention, in-transit stay, and inter-appointment dwell.

## Funding rounds

- Series A, Mar 11, 2021, $11M — Prologis, Lineage, Inc., GC&H Investments, 8VC, Maersk Growth, Mana Ventures, Ryder Ventures
- Seed, Nov 20, 2019, $3.3M — Prologis, SV Angel, 8VC

## Investors

- Prologis (https://capitalatlas.ai/funds/prologis) — Seed, Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed, Series A
- Lineage, Inc. — Series A
- GC&H Investments (https://capitalatlas.ai/funds/gc-h-investments) — Series A
- Maersk Growth (https://capitalatlas.ai/funds/maersk-growth) — Series A
- Mana Ventures (https://capitalatlas.ai/funds/mana-ventures) — Series A
- Ryder Ventures (https://capitalatlas.ai/funds/ryder-ventures) — Series A