# Log56.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/log56-com

- Industry: Logistics & Distribution
- Headquarters: Hefei, China
- Website: www.log56.com
- Total disclosed funding: $31M
- Latest round: Series A (Jan 19, 2019)
- Investors on record: 5

## About

Based in Hefei, China and established in 2010, Log56.com is a digital logistics operation company providing digital freight service and solutions for shippers. It has four R&D centres, and more than 20 subsidiaries. As of September 2022, it has served over 11600 shippers, and 2.7 million truckers, and had completed an aggregate of over 36.2 million shipping orders.  In March 2023, it was listed on Hongkong Stock Exchange, under 2482. 

Log56.com provides digital freight business, including freight transportation services for bulk cargo, and freight platforms for consumer commodities. The freight transportation services provide transportation resources, including truckers and trucks for shippers, and Log56.com is an agent, who sets the pricing for transportation and receives money from shippers and payment for truckers. Shippers select transportation resources by freight platform, and shippers directly negotiate with truckers for transportation fees paid to truckers, and Log56.com charge shippers a margin. The company also operates the trucker community.

## Funding rounds

- Series A, Jan 19, 2019, $15M — Govtor, Addor Capital, Co-Win Ventures, Time Capital, H&B Equity Investment
- Series A, May 15, 2015, $16M — Govtor

## Investors

- Govtor (https://capitalatlas.ai/funds/govtor) — Series A
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series A
- Co-Win Ventures (https://capitalatlas.ai/funds/co-win-ventures) — Series A
- Time Capital — Series A
- H&B Equity Investment (https://capitalatlas.ai/funds/h-b-equity-investment) — Series A