# Turvo

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

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.turvo.com
- Total disclosed funding: $85M
- Latest round: Series B (Nov 8, 2018)
- Investors on record: 8

## About

Turvo Inc. specializes in providing an innovative Transportation Management System (TMS) that enhances collaboration within the supply chain sector, enabling seamless integration among freight brokers, 3PLs, shippers, and carriers for efficient logistics operations.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 has engaged in five funding deals and has reached a total amount raised of USD 60.00 mn with a current valuation of USD 163.66 mn.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. The platform is utilized by both Fortune 500 logistics providers and small to mid-sized freight brokers, notably in North America, Europe, and parts of Asia, including India.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. The firm's TMS solution facilitates B2B transactions, allowing clients to manage supply chain operations efficiently and improve collaboration among stakeholders, thereby generating recurring revenue through its diverse pricing plans.Following its acquisition in June 2022, Turvo Inc. aims to leverage new funding to fast-track product innovations and enhance its technology offerings. 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.

## Funding rounds

- Series B, Nov 8, 2018, $60M — N47, Felicis Ventures, Activant Capital, Upside Partnership, Mubadala Capital, G2 Venture Partners, Build Collective
- Series A, Mar 28, 2017, $25M — Felicis Ventures, Slow, Activant Capital, Upside Partnership
- Seed, Nov 17, 2015 — Slow

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed, Series A
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A, Series B
- Activant Capital (https://capitalatlas.ai/funds/activant-capital) — Series A, Series B
- Upside Partnership (https://capitalatlas.ai/funds/upside-partnership) — Series A, Series B
- N47 (https://capitalatlas.ai/funds/n47) — Series B
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series B
- G2 Venture Partners (https://capitalatlas.ai/funds/g2-venture-partners) — Series B
- Build Collective (https://capitalatlas.ai/funds/build-collective) — Series B