Arcbest Builds On Commitment To Innovative Technology With $25 Million Investment In Phantom Auto
Amount Raised
$25 Million
Round Type
Venture
Fort SmithOil And GasTransportationSupply Chain ManagementLogisticsDescription
ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today announced it has invested $25MM in Phantom Auto, the leading provider of human-centered remote operation software. As part of the company's agreement to be the lead investor of Phantom Auto's Series B Preferred offering, Michael Newcity, ArcBest Chief Innovation Officer and President of ArcBest Technologies, will join the Phantom Auto Board of Directors.
Quick answer
ArcBest Corporation raised $25 Million in a funding round, dated January 19, 2022. ArcBest Corporation is based in Fort Smith, Arkansas, United States.
- How much did ArcBest Corporation raise?
- ArcBest Corporation raised $25 Million in a funding round on January 19, 2022.
- What does ArcBest Corporation do?
- ArcBest Corporation is a leading provider of integrated logistics services and a prominent player in the transportation industry.
- Where is ArcBest Corporation based and how big is it?
- ArcBest Corporation is based in Fort Smith, Arkansas, United States.
- Who are the decision-makers at ArcBest Corporation?
- Fundz holds 1 contact at ArcBest Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Oil And Gas and Transportation around the same time
Companies in the same sectors as ArcBest Corporation that raised within 45 days of this round, from Fundz verified event records.
- Encompass Supply Chain Solutions raised an undisclosed amount (Corporate Round) on February 23, 2022.
- Redkik and Cargo Power Network raised an undisclosed amount on February 9, 2022.
- project44 raised $239M on January 11, 2022.
- Slip Robotics raised $5.4M on March 2, 2022.
- Xpressbees raised $300M (Funding Round) on February 9, 2022.
- RideNow Group, Inc. raised an undisclosed amount (Funding Round) on February 7, 2022.
Who to call at ArcBest Corporation, and when
A new round usually means ArcBest Corporation is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day ArcBest Corporation raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ArcBest Corporation, from your own LinkedIn network
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Related People
ArcBest Corporation raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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