Basicblock Raises $78 Million To Reshape Trucking Finance

Jan 24, 2022•over 3 years ago

Amount Raised

$78 Million

Lincoln

Description

BasicBlock Inc., a financial technology company that is reshaping financing options for the trucking industry, today announced a $78 million debt and equity raise, to fuel expanded services, client support and employment opportunities throughout the U.S. Lead investors and lenders in the round include Autotech Ventures, Clear Haven Capital Management, Emergent Ventures, and Nelnet alongside continued investment from Revolution's Rise of the Rest Seed Fund, SaaS Ventures and TNT Ventures.

Company Information

Company

Basic Block

Location

Lincoln, England, United Kingdom

About

BasicBlock is a financial technology company founded in 2018 in Lincoln, Nebraska, that builds financial products to help independent carriers grow their fleets. BasicBlock has quickly become a leader in freight factoring, and its tools provide streamlined, efficient and cost-effective financial services for fleets and carriers worldwide. The company's mission is to help fleets get paid more quickly and increase access to affordable working capital. For more information, visit www.basicblock.io.

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Basicblock Raises $78 Million To Reshape Trucking Finance

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