Newtrul, a Chicago, IL-based digital freight matching platform that integrates with freight brokers to share available loads with carriers digitally in real-time, raised $5m in funding.
Lead investors include SignalFire and Flex Capital as well as previously unannounced investors, including Bessemer Venture Partners, Crowley, Oren Zaslansky, CEO of Flock Freight, John Larkin, and Brad Hollister.
The company intends to use the funds to to refine the communication, CRM and onboarding functions of its platform.
Led by Ed Stockman, co-founder and CEO, Newtrul provides a carrier platform that allows trucking companies to search for the best shipment across multiple customers for each truck.
By investing in relationship tools, the platform collects, optimizes, and returns data that helps brokers easily identify the best truck for a shipment. A one-click setup process gives trucking companies the ability to onboard with new brokers, unlocking billions of dollars of freight in less than 10 seconds and helping ensure compliance alignment to avoid lost bookings.
Over the past year, Newtrul has added more than 10,000 active carrier users of all sizes to its platform and is currently working with nearly 75 customers.
FinSMEs
31/10/2022