RoadSync has secured $30 million in Series B funding, led by Tiger Global. Current investors Base10 Partners, Hyde Park Venture Partners and new investor Gaingels also participated in the round.
With the new funding, RoadSync aims to accelerate the development of its expanding product suite and recruit top talent in product, engineering, operations and sales.
“The logistics industry historically has conducted business over the phone and emails using isolated platforms and lots of paperwork. Our mission is to streamline and consolidate this entire experience for the logistics industry, removing friction for carriers, brokers, drivers and vendors and uniting previously disconnected financial and software platforms into a single, financial home,” says Robin Gregg, CEO, RoadSync. “With this infusion of capital, we will broaden our product suite to ensure this vital industry has access to best in-class financial solutions.”
Per BusinessWire:
- RoadSync’s strategic partnerships with industry leaders, enable the technology to simply connect to existing payment solutions without the need to implement a new payment process, increasing the utility of existing solutions and making it easy for individuals in the logistics industry to adopt RoadSync’s innovative digital platform.
- By offering more ways to pay and get paid, RoadSync is ensuring drivers are never stuck waiting for needed funds, brokers and carriers can securely give drivers the funds they need, and warehouses and merchants realize quick and easy driver transactions whether on the road or at the dock door.
