TruckSmarter raises $50 million in debt financing led by CoVenture to expand financial services for truck drivers
TruckSmarter raises $50 million in debt financing led by CoVenture to expand financial services for truck drivers
07/15/24, 4:49 PM
Location
san franciscoMoney raised
$50 million
Industry
logistics
transportation
financial services
Investors
Co Venture
TruckSmarter, a digital platform for trucking industry, closed a $50 million debt facility, with the option to scale to $100 million, led by CoVenture. The financing will enable the company to expand its suite of financial services to make drivers' lives easier and further empower them to build, manage, and grow their businesses.
Company Info
Location
san francisco, california, united states
Additional Info
TruckSmarter is a digital platform designed to assist owner-operators and trucking companies in optimizing their operations. It offers a suite of financial services and tools to help drivers earn more and manage their businesses. TruckSmarter serves as a one-stop shop for truck drivers, providing access to a free load board, transparent freight factoring, fuel discounts, and banking services.