How Much Did Suit Raise?
Funding & Key Investors

Suit, a trucking company focused on driver welfare and modernizing the industry, has secured $350K in total capital, with a recent strategic investment of $350K. This significant backing underscores the company's late-stage growth trajectory and its commitment to revolutionizing the trucking sector.

What is Suit?

Suit
TransportationFreight & Logistics ServicesTrucking, Moving & Storage

Suit is a trucking enterprise founded with the mission to revitalize the industry by prioritizing driver satisfaction through competitive compensation, comprehensive benefits, and contemporary equipment. Established by seasoned truck drivers, the company places a premium on the welfare of its drivers and their families, cultivating an environment of respect and operational simplicity. Suit champions flexibility, enabling drivers to tailor their work schedules for an improved work-life balance. Through transparent policies and a supportive community, Suit aims to foster long-term driver retention within the profession.

How much funding has Suit raised?

Suit has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in Suit

PPP

Public-Private Partnership

What's next for Suit?

The substantial capital infusion, particularly the recent strategic investment, positions Suit for accelerated expansion and operational enhancements. As a company in a large-scale late-stage funding phase, Suit is poised to further its mission of restoring the trucking industry's former glory. This financial momentum will likely fuel advancements in driver recruitment, retention initiatives, and the acquisition of modern fleet assets, solidifying its market position and commitment to driver well-being.

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Frequently Asked Questions Regarding Suit Financial Insights

What are the most recent funding rounds that Suit has completed, and what were the funding rounds?
Suit has recently completed 1 funding rounds: Debt on Apr 6, 2020.
What is the total amount of funding Suit has raised to date?
Suit has raised a total of $350K in funding to date.
How many funding rounds has Suit completed?
Suit has completed 1 funding rounds.
How much funding did Suit raise in its most recent funding round?
Suit raised $350K in its most recent funding round.
Who are the lead investors in Suit's latest funding round?
The lead investor in Suit'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 Suit's history?
The largest funding round in Suit's history was $350K.
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