# Trucksters

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

- Industry: Logistics & Distribution
- Headquarters: Madrid, Spain
- Website: www.trucksters.io
- Total disclosed funding: $53M
- Latest round: Series B (Jun 12, 2023)
- Investors on record: 10

## About

Trucksters is a logistics company specializing in express relay transportation, enhancing freight delivery efficiency through a unique relay system that minimizes delays and maximizes operational uptime.Founded in 2018 in Madrid, Spain, Trucksters operates as a logistics firm that innovates freight transportation. The company was established by Gabor Balogh and Luis Izard, with Luis Izard serving as CEO. Trucksters has successfully raised a total of EUR 33.00 mn in funding, primarily through its recent Series B funding round on June 12, 2023, involving investors such as Continental AG and the European Investment Bank. The company has engaged in a total of 5 deals since its inception.Trucksters offers a relay-based logistics solution that significantly shortens freight delivery times. Their services include full truckload (FTL) transport, optimized freight route management, and real-time transport condition monitoring through sensorized semi-trailers. The company targets B2B clients across varied industries in Europe, North America, and select regions in Asia, focusing on enhancing supply chain efficiency while prioritizing driver working conditions.In the most recent year, 2023, Trucksters generated a revenue of EUR 16,665,387.40, while reporting an EBITDA of EUR -10,968,038.10. Their revenue primarily comes from B2B transactional agreements, structured around per shipment pricing based on volume, distance, and urgency, with additional fees for premium services.Trucksters plans to leverage its recent Series B funding of EUR 33.00 mn to expand its product offerings and geographic reach. The company aims to introduce new technological solutions to enhance its relay system. Additionally, Trucksters is focused on expanding into more regions within Asia and exploring opportunities in Latin America by the end of 2024. The funding will support these initiatives, ensuring that the company can increase the electrification of its fleet and continue optimizing its logistics services.

## Funding rounds

- Series B, Jun 12, 2023, $35M — European Investment Bank, Volvo Group Venture Capital, Continental AG, Kibo Ventures, Big Sur Ventures, Metavallon VC, Bonsai Partners, The Valley Venture Capital, Amplifier
- Series A, Mar 14, 2022, $8.7M — Kibo Ventures, Big Sur Ventures, Metavallon VC, Bonsai Partners, The Valley Venture Capital, APX, Amplifier
- Series A, Jul 1, 2021, $7.6M — Kibo Ventures, Bonsai Partners, Amplifier
- Seed, May 23, 2019, $0.9M — Big Sur Ventures, Metavallon VC

## Investors

- Big Sur Ventures (https://capitalatlas.ai/funds/big-sur-ventures) — Seed, Series A, Series B
- Metavallon VC (https://capitalatlas.ai/funds/metavallon-vc) — Seed, Series A, Series B
- Kibo Ventures (https://capitalatlas.ai/funds/kibo-ventures) — Series A, Series B
- Bonsai Partners (https://capitalatlas.ai/funds/bonsai-partners) — Series A, Series B
- Amplifier (https://capitalatlas.ai/funds/amplifier) — Series A, Series B
- The Valley Venture Capital (https://capitalatlas.ai/funds/the-valley-venture-capital) — Series A, Series B
- APX (https://capitalatlas.ai/funds/apx) — Series A
- European Investment Bank (https://capitalatlas.ai/funds/european-investment-bank) — Series B
- Volvo Group Venture Capital (https://capitalatlas.ai/funds/volvo-group-venture-capital) — Series B
- Continental AG — Series B