What is CloudTrucks?
CloudTrucks offers a suite of products designed to support trucking entrepreneurs, including essential services such as payments and scheduling. Based in Dallas, Texas, the company aims to streamline operations and enhance efficiency for independent truckers and small fleet owners. Its comprehensive platform addresses key pain points in the industry, facilitating smoother business management and operational flow.
How much funding has CloudTrucks raised?
CloudTrucks has raised a total of $141.6M across 3 funding rounds:
Angel/Seed
$6.1M
Series A
$20.5M
Series B
$115M
Angel/Seed (2020): $6.1M, investors not publicly disclosed
Series A (2020): $20.5M led by Abstract Ventures, Better Tomorrow Ventures, Caffeinated Capital, Kindred Ventures, Khosla Ventures, Craft Ventures, and SciFi VC
Series B (2021): $115M supported by Tiger Global Management, Flexport, and Menlo Ventures
Key Investors in CloudTrucks
Tiger Global Management
Tiger Global Management is an investment firm that deploys capital across both public and private markets, founded in 2001 and headquartered in New York City.
Flexport
Flexport is a company focused on accelerating supply chain performance and growth, enabling shipment tracking and collaboration across the entire logistics network.
Menlo Ventures
Menlo Ventures is a venture capital firm based in Menlo Park, specializing in early and growth-stage technology companies across various sectors, including enterprise software and fintech.
What's next for CloudTrucks?
The substantial enterprise-level backing and recent strategic investment signal CloudTrucks' readiness for accelerated scaling and market expansion. This influx of capital is likely to be directed towards enhancing its product offerings, expanding its technological capabilities, and broadening its customer reach within the trucking and logistics ecosystem. The company is poised to further solidify its role as a critical technology partner for trucking entrepreneurs.
See full CloudTrucks company page
