# Magnus Technology Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/magnus-technology-group

- Industry: Software
- Headquarters: Austin, US
- Website: www.magnustech.com
- Latest round: Series A (Nov 8, 2021)
- Investors on record: 3

## About

Founded in 2014 by CEO Matt Cartwright, and based in Texas, US, Magnus Technology Group, formerly Viridian TransVision, is a trucking logistics management service company. In November 2021, Magnus Technology Group raised series A funding from new investor LKCM Headwater Investments, along with investors BCG Digital Ventures and Carlyle Group.

Magnus provides software for the transport and logistics industry which includes  Magnus Transportation Management System (TMS), Magnus Driver App, and Magnus Carrier Advantage. The company's SaaS-based transport management software or TMS manages auto haulers, fleets of all sizes, truckload, and less-than-truckload carriers of all sizes. The company's Magnus TMS platform integrates with electronic logging devices (ELD) and electronic data interchange (EDI) for carriers and brokers and functions with Magnus Driver App and Magnus Carrier Advantage network to provide mobile dispatch and order fulfillment services.

The company generates revenue by charging fees for providing access to its Magnus TMS logistics platform.

The company plans to use the funding to add new features to its product and to hire employees.

## Funding rounds

- Series A, Nov 8, 2021 — Carlyle Group, LKCM Headwater Investments, BCG Digital Ventures

## Investors

- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series A
- LKCM Headwater Investments (https://capitalatlas.ai/funds/lkcm-headwater-investments) — Series A
- BCG Digital Ventures (https://capitalatlas.ai/funds/bcg-digital-ventures) — Series A