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Catena raises $5M in a seed round led by Floating Point to enhance its API for freight data infrastructure, aiming to connect fragmented data for improved logistics services.

Sep 18, 20253 days ago

Amount Raised

$5 Million

Round Type

seed

New YorkLogistics

Investors

True NorthTruck SmarterTalent SolversReliance PartnersOtr TransportationFreight WavesFillogicAugmentBlue Impact Supply Chain VenturesBlue MoonLiquid 2Spring Time VenturesPlug And PlayTeamworthyShaper CapitalFloating Point

Description

Catena, the universal API for telematics and logistics data, has announced a $5M seed round led by Floating Point. The funding will help connect fragmented freight data to power payments, brokers, insurance, fraud detection, and AI. Total funding has now reached $8M since the company's incorporation in January 2024. This investment will solidify Catena's position as a leader in freight data infrastructure.

Company Information

Company

Catena

Location

New York, New York, United States

About

Catena Clearing is a universal data API that standardizes and connects logistics data from multiple sources, enabling platforms, fleets, and shippers to streamline operations and unlock actionable insights. With prebuilt integrations for the 75+ most common ELDs in the U.S., Catena Clearing ensures seamless connectivity across the trucking ecosystem.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers