# LOGIVAN Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/logivan-technology-co

- Industry: Internet
- Headquarters: Hanoi, Vietnam
- Website: www.logivan.com
- Total disclosed funding: $2.4M
- Latest round: Series A (May 27, 2019)
- Investors on record: 4

## About

LOGIVAN Technology Co., Ltd. digitizes and optimizes freight transportation in Vietnam, utilizing its innovative FreightOS™ platform to enhance logistics efficiency and streamline operations for shippers and fleet owners.Founded in 2017 and headquartered in Hanoi, Vietnam, LOGIVAN Technology Co., Ltd. focuses on digitizing freight logistics. The company has successfully completed three deals, with the most recent occurring on May 27, 2019, during its Series A funding round, where it raised USD 1.80 mn from investors including Insignia Ventures Partners, Ethos Partners, and VinaCapital. The latest valuation of the company stands at USD 9.30 mn. The founder, Linh P, has a background in logistics and technology, driving the company's mission in the regional market.LOGIVAN specializes in digitizing and optimizing freight transportation within Vietnam, primarily through its proprietary FreightOS™ technology. This platform enhances the efficiency of logistics operations by automating processes, reducing costs, and facilitating better service levels for shippers. LOGIVAN connects shippers with truck drivers and fleet owners, streamlining transportation across various supply chain needs. The company also focuses on introducing electric trucks to the Vietnamese market, aiming to reduce greenhouse gas emissions and improve distribution models. LOGIVAN's solutions cater to a diverse clientele, including large brands and individual truck drivers, while also targeting logistics requirements in Southeast Asia.In the most recent fiscal year of 2023, LOGIVAN reported a revenue of USD 56,354. However, the company reported an EBITDA of USD -1,207,697.7 for the same period, indicating challenges in operational profitability.LOGIVAN plans to leverage its recent Series A funding of USD 1.80 mn to expand its FreightOS™ platform with new features aimed at enhancing customer experience. The company is targeting regional expansion into Southeast Asian markets, focusing on improving its offerings and service capabilities. The funding will also support the introduction of new products designed to facilitate better logistics management and efficiency. With a strategic goal to enhance its operational footprint and service scalability by the end of 2024, LOGIVAN is committed to enhancing its competitive position in the logistics sector.

## Funding rounds

- Series A, May 27, 2019, $1.8M — VinaCapital, Insignia Ventures Partners, Ethos Partners
- Seed, Sep 10, 2018, $0.6M — Insignia Ventures Partners, Kembangan Holdings Ltd.

## Investors

- Insignia Ventures Partners (https://capitalatlas.ai/funds/insignia-ventures-partners) — Seed, Series A
- Kembangan Holdings Ltd. — Seed
- VinaCapital (https://capitalatlas.ai/funds/vinacapital) — Series A
- Ethos Partners (https://capitalatlas.ai/funds/ethos-partners) — Series A