# MVMNT Digital Freight Marketplace

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mvmnt-digital-freight-marketplace

- Industry: Software
- Headquarters: Chicago, US
- Website: www.mvmnt.io
- Total disclosed funding: $24M
- Latest round: Series A (Apr 27, 2022)
- Investors on record: 4

## About

Founded in 2020, and based in Illinois, US, MVMNT Group Inc., doing business as MVMNT Digital Freight Marketplace, operates as a freight tech company. The company was founded by its CEO, Michael Colin. In April 2022, MVMNT Group Inc. raised USD 20.25 million in series A funding led by investor Andreessen Horowitz, with participation from other investors Abstract Ventures, and M25. 

MVMNT offers an end-to-end freight transportation management platform that helps shippers and brokerages to manage payments, performance, procurement, and pricing in real-time with a predictive estimated time of arrival (ETAs) and status updates under one user interface. The subscription-free track management platform offerings include automating freight management processes for domestic truckloads, optimizing transportation management, and online financial services for small and mid-sized brokers to pay and get paid.

The company plans to use the April 2022 funding to focus on its market expansion beyond the freight industry.

## Funding rounds

- Series A, Apr 27, 2022, $20M — Andreessen Horowitz, M25, Abstract Ventures, Equal Ventures
- Seed, May 1, 2021, $4M — Equal Ventures

## Investors

- Equal Ventures (https://capitalatlas.ai/funds/equal-ventures) — Seed, Series A
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- M25 (https://capitalatlas.ai/funds/m25) — Series A
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series A