Baton, a San Francisco, CA-based logistics technology platform developed out of 8VC’s Build program, raised $10.5m in Series A funding.
The round was co-led by 8VC and Maersk Growth–the corporate venture arm of AP Moller-Maersk, the global leader in transportation and logistics, with participation from Prologis, Ryder, Lineage Logistics, Jett McCandless, CEO of Project44, Shoaib Makani, CEO of KeepTruckin, John Larkin, Operating Partner at Clarendon Capital, Trace Haggard, Founder of I.S.G., and Cooley LLC.
Co-founded by Jake Medwell, Nate Robert and Andrew Berberick, Baton provides a technology platform that enables long-haul truckers to drop off and pick up loads at Baton drop zones in major metro areas, and then a network of local fleets does the first and final mile of delivery to warehouses.
The company sub-leases these 24/7 drop zones and provides the software to coordinate vehicles, drop-zones, warehouses and local drivers through a single API.
Baton currently operates in Los Angeles and plans to use this funding to hire more engineers and service additional major cities across the country, including Atlanta, Chicago and Dallas in the next 12 to 18 months.
Baton is headquartered in San Francisco with its operations office in Chicago.
FinSMEs
25/03/2021