BasicBlock Raises $78M in Equity Funding

BasicBlock, a Lincoln NE-based trucking financial technology company, raised $78M in equity funding.

The round was led by Autotech Ventures, Clear Haven Capital Management, Emergent Ventures, and Nelnet with participation from Revolution’s Rise of the Rest Seed Fund, SaaS Ventures and TNT Ventures.

The company intends to use the funds to continue focusing on factoring while adding and expanding services for carriers to grow their fleets, and growing operations to Chicago.

Led by Taylor Monks, CEO, and Brett Byman, COO, BasicBlock is a financial technology company that builds financial products to allow independent carriers to grow their fleets. Its tools provide streamlined financial services for fleets and carriers worldwide.