# Repowr

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

- Industry: Internet
- Headquarters: Birmingham, US
- Website: www.repowr.com
- Total disclosed funding: $11M
- Latest round: Series A (Mar 15, 2023)
- Investors on record: 9

## About

Based in Alabama, US, and founded in 2019 by its CEO, Patrick Visintainer, and COO, Spencer Ware, Repowr, Inc., operates as a logistics marketplace and digital-leasing platform. In March 2022, Repowr, Inc. raised USD 4.2 million in seed funding, led by new investor Koch Disruptive Technologies, with participation from another new investor, Perot Jain. Returning investor Plug and Play Ventures and individual investors also participated in the round.

The company offers an asset-sharing platform that connects users with underutilized trucks and trailers owners for renting and leasing equipment. The company also provides a smart trailer balancing tool that uses artificial intelligence (AI) and machine learning for optimizing assets. As of 2022, the company has partnered with the Council of Supply Chain Management Professionals, American Trucking Associations, and the Alabama Trucking Association.

The company plans to use the March 2022 funding to expand operations and its business reach.

## Funding rounds

- Series A, Mar 15, 2023, $6.8M — ArcBest Corporation, Perot Jain, Koch Disruptive Technologies, Crowley Maritime Corporation, 9Yards Capital, UP.Partners, McVestCo VC, NFI Ventures
- Seed, Mar 15, 2022, $4.2M — Plug and Play, Perot Jain, Koch Disruptive Technologies

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Perot Jain (https://capitalatlas.ai/funds/perot-jain) — Seed, Series A
- Koch Disruptive Technologies (https://capitalatlas.ai/funds/koch-disruptive-technologies) — Seed, Series A
- ArcBest Corporation — Series A
- Crowley Maritime Corporation — Series A
- 9Yards Capital (https://capitalatlas.ai/funds/9yards-capital) — Series A
- UP.Partners (https://capitalatlas.ai/funds/up-partners) — Series A
- McVestCo VC — Series A
- NFI Ventures (https://capitalatlas.ai/funds/nfi-ventures) — Series A