Warp, a Los Angeles, CA-based middle mile delivery solution for shippers powered by a tech-enabled network of carriers and cross docks, emerged from stealth mode with the closing of a $2.4 million seed funding.
The round was led by Bee Partners with participation from Amplify, among others. Tim Smith from Bee Partners will be joining Warp’s board of directors.
The company will use the capital from this round to build out their product, accelerate growth in their first few markets and expand with existing customers. Their first focus will be the less than truckload (LTL) freight market.
Co-founded by Daniel Sokolovsky, Founder of Axlehire, and Troy Lester, previously Founder of Covet Shipping (acquired by AxleHire), Warp uses proprietary technology to connect shippers, carriers, and facilities to digitize the trucking model and create the most efficient routes for middle-mile freight. Warp connects all parties together with their own TMS, WMS and driver app which allows customers to have pallet-level tracking throughout a shipment’s journey.
The company is currently moving freight in California, the New York Tri-State Area and Texas with a focus on fast moving consumables from food and beverage to toilet paper and cleaning supplies. Their services include distribution to stores, micro fulfillment centers, cloud kitchens and direct injections into last-mile delivery carriers.
FinSMEs
24/02/2022