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Alvys raised $20.5M in Series A funding led by Titanium Ventures to enhance logistics platform

Jul 15, 2024•over 1 year ago

Amount Raised

$20.5 Million

Round Type

series a

information technology & services

Investors

Picus CapitalBonfireRtpTitanium Ventures

Description

Alvys, a Solana Beach, CA-based provider of a logistics operating platform for logistics and supply chain management, raised $20.5M in Series A funding. The round was led by Titanium Ventures (formerly Telstra Ventures), with participation from RTP, Bonfire, and Picus Capital. The company intends to use the funds to accelerate its growth, further enhance the development of its platform, and expand its team.

Company Information

Company

Alvys

Location

201 Lomas Santa Fe Dr

About

Alvys is a cloud-based transportation management system (TMS) designed for carriers, brokers, and logistics companies. Founded in 2020 by industry experts, Alvys aims to modernize freight and fleet management by replacing outdated systems with an automated, integrated platform. The software is trusted by over 2,000 trucking companies and supports various operations, including asset-based brokers and private fleets. The all-in-one TMS software covers the entire logistics lifecycle, from quoting and dispatching to billing and compliance. It features fleet management tools that allow users to oversee trucks, drivers, and deliveries from a single dashboard. Alvys also offers a driver mobile app for real-time communication and document management. With automation capabilities for routine tasks and over 100 third-party integrations, Alvys enhances operational efficiency and reduces manual work. The platform is FMCSA and DOT-compliant, ensuring secure and regulatory operations.

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