# CLASS8

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/class8

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.class8.com/
- Total disclosed funding: $31M
- Latest round: Series A (Nov 19, 2024)
- Investors on record: 12

## About

Founded in 2024 and based in Toronto, Canada, Class 8, Inc. provides advanced fleet management solutions for the trucking industry. In November 2024, Class 8, Inc. raised CAD 30.8 million in series A funding led by new investor Xplorer Capital, with participation from another new inestor Commerce Ventures. Returning investors Inspired Capital Partners, Resolute Partners, and BCF Ventures also participated in the round. 

Class 8, Inc. specializes in advanced fleet management solutions that focus on optimizing the dispatch and operational efficiency of Class 8 trucks. The firm’s core offerings include embedded Electronic Logging Devices (ELD) that provide real-time data tracking and compliance monitoring, alongside dispatch optimization tools that enhance load management and route planning. These products are designed to streamline operations for commercial carriers, addressing pain points such as regulatory compliance, efficiency in cargo handling, and minimizing downtime.

The company generates revenue primarily through subscription-based models for its suite of products, including the embedded ELD and dispatch optimization services. Transactions occur directly between the company and its clients, with pricing structured around the scale of the fleet being managed and the specific services utilized.

The organization plans to use the November 2024 funding to enhance its OEM-integrated, AI-powered platform, focusing on optimizing fleet operations and increasing profitability for carriers.

## Funding rounds

- Series A, Nov 19, 2024, $22M — Resolute Ventures, Commerce Ventures, Xplorer Capital, BCF Ventures, Inspired Capital
- Series A, Aug 23, 2022 — Alumni Ventures Group
- Seed, Aug 5, 2020, $6M — Resolute Ventures, Alumni Ventures Group, NVP Capital, Panache Ventures, Hike Ventures, BCF Ventures, Inspired Capital
- Seed, Apr 22, 2020, $2M — Alumni Ventures Group
- Seed, Aug 29, 2018, $1.3M — Pegasus Tech Ventures, Gambit Ventures, Panache Ventures, BCF Ventures, Cogito Capital

## Investors

- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Seed
- Gambit Ventures (https://capitalatlas.ai/funds/gambit-ventures) — Seed
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Seed
- BCF Ventures (https://capitalatlas.ai/funds/bcf-ventures) — Seed, Series A
- Cogito Capital — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed, Series A
- Resolute Ventures (https://capitalatlas.ai/funds/resolute-ventures) — Seed, Series A
- NVP Capital — Seed
- Hike Ventures — Seed
- Inspired Capital (https://capitalatlas.ai/funds/inspired-capital) — Seed, Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Series A
- Xplorer Capital (https://capitalatlas.ai/funds/xplorer-capital) — Series A