How Much Did Longistics Raise?
Funding & Key Investors

Longistics, a prominent trucking company with 37 years of operational experience, has secured $1M in total capital. The company recently announced a significant strategic investment of $1M, marking a key development in its growth trajectory. This recent financing round, which occurred on April 9, 2020, underscores the company's ongoing efforts to strengthen its position in the competitive logistics sector.

What is Longistics?

Longistics
TransportationFreight & Logistics ServicesTrucking, Moving & Storage

Longistics specializes in recruiting professional truck drivers for its Over-The-Road (OTR) fleet. The company places a strong emphasis on supporting its drivers, offering competitive compensation, comprehensive benefits, and modern equipment. To be part of the Longistics team, drivers typically require a CDL-A and a minimum of one year of OTR driving experience. The company is dedicated to fostering positive relationships with its drivers, ensuring their needs are met and providing a supportive work environment that contributes to their success.

How much funding has Longistics raised?

Longistics has raised a total of $1M across 1 funding round:

2020

Debt

$1M

Debt (2020): $1M with participation from PPP

Key Investors in Longistics

PPP

Public-Private Partnership

What's next for Longistics?

The recent major strategic investment in Longistics signals a period of potential expansion and operational enhancement. With a focus on driver recruitment and retention, the company is likely to leverage this capital to upgrade its fleet, enhance driver support programs, and potentially broaden its service offerings. This strategic financing is expected to bolster Longistics' capacity to meet increasing demands in the freight and transportation industry, reinforcing its commitment to being a leading employer for OTR drivers.

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Frequently Asked Questions Regarding Longistics Financial Insights

What are the most recent funding rounds that Longistics has completed, and what were the funding rounds?
Longistics has recently completed 1 funding rounds: Debt on Apr 9, 2020.
What is the total amount of funding Longistics has raised to date?
Longistics has raised a total of $1M in funding to date.
How many funding rounds has Longistics completed?
Longistics has completed 1 funding rounds.
How much funding did Longistics raise in its most recent funding round?
Longistics raised $1M in its most recent funding round.
Who are the lead investors in Longistics's latest funding round?
The lead investor in Longistics's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Longistics's history?
The largest funding round in Longistics's history was $1M.
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