Work Truck Solutions, a Chico, Calif.-based provider of commercial truck inventory solutions, completed a $5m Series B financing.
The round was led by Autotech Ventures, with participation from Belle Michigan, Wakestream Ventures, Moneta Ventures and Golden Seeds. In conjunction with the funding, Alexei Andreev, managing director at Autotech Ventures, will join Work Truck Solutions’ board of directors.
The company will use the funds to accelerate expansion of its services.
Leed by Kathryn Schifferle, CEO and founder, Work Truck Solutions provides marketing and commercial inventory management services to commercial truck dealers and services for the body manufacturers and distributors that serve the industry.
The service to dealers went live in January of 2013 as a way to display their commercial vehicles online, allowing truck buyers to search dealer inventory by the type of truck body they need for their business application.
The current portfolio of Work Truck Solutions services also enables both body manufacturers and distributors with a way for their end customers to locate in-stock inventory nationwide.
Over 600 commercial dealers and numerous body manufacturers and distributors use the company’s services.