TrueNorth Transportation Co.
Latest round
- Series B
Last raised
- Dec 2021
Total raised
- $50M
Investors
- 7
About TrueNorth Transportation Co.
TrueNorth Transportation Co.TrueNorth Transportation Co. was established in 2019 in Midland, US, focusing on providing innovative logistics solutions for the trucking industry.TrueNorth offers a comprehensive platform primarily designed for carriers in the trucking industry, distinguished by its innovative approach combining a free loadboard and a virtual dispatcher, known as Loadie. This dual functionality streamlines the logistics process by allowing truckers to search through a daily inventory of over 100,000 loads while automating back-office operations. The platform facilitates the formation of relationships between carriers and brokers, enhancing operational efficiency and communication within the freight ecosystem.TrueNorth's revenue model is structured around a combination of subscription services and transactional fees associated with its loadboard and virtual dispatcher. The company engages in direct B2B transactions, where carriers subscribe to access Loadie for enhanced operational support and efficiency. Clients may pay fees based on the number of loads booked or through a fixed monthly subscription that grants unlimited access to the loadboard and dispatching services. The company is also looking at potential expansions into new regional markets within North America, although specific target dates and locations have not been disclosed. Continued investment in product development will support these initiatives, aimed at increasing the platform's capabilities.
Who invested in TrueNorth Transportation Co.
7 investors across 1 round
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Funding rounds
Series B
Dec 8, 2021
Amount
$50M
Investors
Questions about TrueNorth Transportation Co.
Who invested in TrueNorth Transportation Co.?
TrueNorth Transportation Co. has 7 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has TrueNorth Transportation Co. raised?
TrueNorth Transportation Co. has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did TrueNorth Transportation Co. last raise money?
TrueNorth Transportation Co.'s most recent round on record is a Series B, in Dec 2021.
What does TrueNorth Transportation Co. do?
TrueNorth Transportation Co. is a software company.
Where is TrueNorth Transportation Co. headquartered?
TrueNorth Transportation Co. is headquartered in Midland, US.
Which VCs invest in companies like TrueNorth Transportation Co.?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at TrueNorth Transportation Co.'s stage. Their profiles are linked below.
VCs backing software startups at Series B
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