Turvo
Latest round
- Series B
Last raised
- Nov 2018
Total raised
- $85M
Investors
- 8
About Turvo
Turvo Inc.Founded in 2014 and headquartered in San Mateo, US, Turvo Inc. offers a cloud-based platform designed for the logistics industry. The company was co-founded by Boudewijn Kok, Eddie Bedrosian, Grzegorz Tracz, and Sai Nagboth. In June 2022, Turvo was acquired by Lineage Logistics, enabling further advancements in its technology solutions.Turvo, LLC specializes in delivering a collaborative Transportation Management System (TMS) tailored for the supply chain sector. Its core product, the Turvo Collaboration Cloud, connects freight brokers, 3PLs, shippers, and carriers for enhanced real-time collaboration and operational efficiency. By automating order-to-shipment activities and providing live tracking, Turvo addresses challenges in cost savings and data sharing, particularly in the less-than-truckload (LTL) segment.Turvo's revenue model relies on a software-as-a-service (SaaS) subscription framework, with clients paying for access to the Turvo platform based on their usage. The logistics service providers typically subscribe to the platform for an annual fee, which covers all features including order management, analytics, and integration capabilities.Following its acquisition in June 2022, Turvo Inc. The company plans to expand its presence in emerging markets across Asia and Europe, focusing on regions with growing logistics demands. The ongoing development of new features within the Turvo Collaboration Cloud is expected to roll out throughout 2023, catering to the evolving needs of its user base.
Who invested in Turvo
8 investors across 3 rounds
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Questions about Turvo
Who invested in Turvo?
Turvo has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Turvo raised?
Turvo has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Turvo last raise money?
Turvo's most recent round on record is a Series B, in Nov 2018.
What does Turvo do?
Turvo is a software company.
Where is Turvo headquartered?
Turvo is headquartered in San Mateo, US.
Which VCs invest in companies like Turvo?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Turvo's stage. Their profiles are linked below.
VCs backing software startups at Series B
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