# RoadSync

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

- Industry: Software
- Headquarters: Atlanta, US
- Website: www.roadsync.com
- Total disclosed funding: $36M
- Latest round: Series B (Jun 24, 2021)
- Investors on record: 9

## About

RoadSync, Inc. is a US-based company providing sophisticated digital payment solutions tailored for the logistics and transportation sector, enhancing transaction efficiency and simplifying expense management for various service providers.Founded in 2015 and headquartered in Atlanta, US, RoadSync, Inc. specializes in digital payment processing for the logistics industry. The company has successfully raised funding through 5 deals, with the latest being a Series B round on June 24, 2021, amounting to USD 30.00 mn, led by Tiger Global Management, with participation from Base10 Partners, Gaingels, and Hyde Park Venture Partners. The CEO, Robin Gregg, oversees the company’s strategic direction.RoadSync offers a suite of digital payment solutions specifically designed for the logistics and transportation industry. Their core products include RoadSync Checkout, RoadSync Pay, and RoadSync Driver, which collectively enhance transaction efficiency and streamline expense management for truck drivers, repair shops, and towing services. RoadSync Checkout allows users to accept various payment methods such as fuel cards and credit cards, facilitating faster dock transactions and real-time invoicing. RoadSync Pay enables carriers to access approved funds quickly, supporting timely deliveries, while RoadSync Driver helps drivers manage their expenses and documentation directly from their smartphones. The company primarily serves clients across the United States, including warehouses, tow operators, and freight carriers, aiming to address the complexities of logistics transactions by providing tailored solutions that improve operational efficiency.RoadSync generates revenue through transactional fees associated with their payment processing services. The company's business model is structured around B2B relationships, where clients such as repair shops and towing companies utilize RoadSync's digital payment solutions to enhance their operational workflows. For instance, a typical transaction may involve a towing service using RoadSync Checkout to process a customer payment via credit card or fleet check after providing roadside assistance. This transaction structure allows for immediate fund access and simplified invoicing, creating a seamless experience for both service providers and their customers. RoadSync’s flagship product, RoadSync Pay, plays a crucial role in this ecosystem by offering multiple payment options and improving cash flow for businesses in the logistics sector.In June 2021, RoadSync, Inc. raised USD 30.00 mn in Series B funding, led by Tiger Global Management, to support future growth initiatives. The company plans to expand its product offerings and recruit additional employees to enhance service delivery. Specific new products are in development, with plans to launch in the near future. Additionally, RoadSync is targeting geographic expansion into new markets within the US, aiming to broaden its client base and service capabilities, leveraging the recent funding to drive these strategic initiatives.

## Funding rounds

- Series B, Jun 24, 2021, $30M — Tiger Global Management, Hyde Park Venture Partners, Gaingels, Base10 Partners
- Series A, Mar 20, 2020, $5.7M — Hyde Park Venture Partners, Base10 Partners, Companyon Ventures
- Seed, Mar 20, 2018, $0.1M — Bain Capital, Hyde Park Capital Partners, Base10 Partners, XFactor Ventures
- Seed, Jan 1, 2015 — Clocktower Technology Ventures

## Investors

- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Seed
- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed
- Hyde Park Capital Partners — Seed
- Base10 Partners (https://capitalatlas.ai/funds/base10-partners) — Seed, Series A, Series B
- XFactor Ventures (https://capitalatlas.ai/funds/xfactor-ventures) — Seed
- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Series A, Series B
- Companyon Ventures (https://capitalatlas.ai/funds/companyon-ventures) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series B