# Denim

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

- Industry: Financial Services
- Headquarters: Jersey City, US
- Website: www.denim.com/
- Total disclosed funding: $39M
- Latest round: Series B (Apr 19, 2022)
- Investors on record: 10

## About

Founded in 2019 by Bharath Krishnamoorthy and Shawn Vo, and based in New York, US, BusBot Incorporated, trading under the name Denim, operates as a provider of web and mobile applications that handle the payment, collections, and financing of freight brokers. In May 2024, Denim raised USD 63 million in venture debt funding from investors Silicon Valley Bank and Trinity Capital Investment.

Denim is a provider of factoring and freight payment systems tailored for freight broker operations. Their offerings include factoring, automated invoicing, collections, and payments, all integrated into a single platform. They facilitate access to working capital, streamline back-office operations, and manage accounts payable processes. Denim's services encompass invoice auditing, document collection, and integration with transportation management systems (TMS). The platform offers real-time financial analytics, flexible payment options, and automated collections management. 

The company intends to use the May 2024 funding to finance the cash flow and operational needs of freight brokers.

## Funding rounds

- Series B, Apr 19, 2022, $26M — Pelion Venture Partners, Crosslink Capital, Anthemis, FJ Labs, Trucks Venture Capital, Refashiond, Tribeca Early Stage Partners
- Series A, May 10, 2021, $10M — Crosslink Capital, Anthemis, Techstars, Plug and Play, Flexport, Inc., FJ Labs, Tribeca Early Stage Partners
- Seed, Aug 11, 2020, $2.7M — Anthemis, Techstars

## Investors

- Anthemis (https://capitalatlas.ai/funds/anthemis) — Seed, Series A, Series B
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series A, Series B
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Flexport, Inc. — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A, Series B
- Tribeca Early Stage Partners (https://capitalatlas.ai/funds/tribeca-early-stage-partners) — Series A, Series B
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series B
- Trucks Venture Capital (https://capitalatlas.ai/funds/trucks-venture-capital) — Series B
- Refashiond (https://capitalatlas.ai/funds/refashiond) — Series B