Airspace, a Carlsbad, CA-based time-critical logistics tech company, closed on additional funding totaling $70m.
The round, which brings total funding to date to $138m, was led by DBL Partners and co-led by Telstra Ventures and HarbourVest Partners, joined by existing investors Scale Ventures, Defy Ventures, Qualcomm Ventures, and Prologis Ventures. In conjunction with the funding, Ira Ehrenpreis, Founder and Managing Partner at DBL Partners, and Joel Hwang, Principal of HarbourVest, joined Airspace’s Board of Directors.
The company intends to use the funds to accelerate market penetration in Europe and further expand into Asia, continue to build out its core business, launch new service lines such as expedited freight, and expand into new customer verticals such as semiconductor, automotive & cleantech.
Led by Nick Bulcao, co-founder and CEO, Airspace is a global delivery network for time-critical logistics, which aims to make shipping faster, safer, and more transparent through people, service, and technology. From real-time, data-driven notifications to tracking over 16,000 touchpoints within a shipment, Airspace surfaces information which increases the velocity and transparency of the supply chain.
Airspace has offices in Carlsbad, CA, Dallas, Amsterdam, and Stockholm, more than 300 employees. It serves numerous Fortune 500 companies that include industry leaders in healthcare, aerospace, semiconductor, and automotive manufacturing.