Fundz

Class8 raised $22M in a Series A led by Xplorer Capital to enhance its data services for the trucking business.

PRIVATENov 21, 2024

Amount Raised

$22 Million

Round Type

Series A

TorontoTransportationLogistics

Investors

Commerce VenturesInspired CapitalResolute VenturesXplorer Capital

Description

Class8, previously known as FleetOp, has secured $22 million in Series A funding. This round was led by Xplorer Capital, with participation from Commerce Ventures and existing investors.

Quick answer

Class8 raised $22 Million in a Series A round, dated November 21, 2024. Investors: Commerce Ventures, Inspired Capital, Resolute Ventures and Xplorer Capital. Class8 is based in Toronto, Ontario, Canada.

How much did Class8 raise?
Class8 raised $22 Million in a Series A round on November 21, 2024.
Who invested in Class8?
Commerce Ventures, Inspired Capital, Resolute Ventures and Xplorer Capital are named as investors in this round.
What does Class8 do?
Class8, formerly known as FleetOp, is a data provider for the trucking business.
Where is Class8 based and how big is it?
Class8 is based in Toronto, Ontario, Canada.
Who are the decision-makers at Class8?
Fundz holds 1 contact at Class8. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Transportation and Logistics around the same time

Companies in the same sectors as Class8 that raised within 45 days of this round, from Fundz verified event records.

  • Overhaul raised $55M on December 23, 2024.
  • Azio AI Holdings, Inc. raised $4.4M (Seed) on December 18, 2024.
  • Slip Robotics raised $28M (Series B) on December 17, 2024.
  • Loadar raised $4M (Seed) on December 17, 2024.
  • Meight raised $3.6M (Seed) on December 17, 2024.
  • Zeno raised $2M on December 13, 2024.

Who to call at Class8, and when

A new round usually means Class8 is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Class8 raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Class8, from your own LinkedIn network

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Company Information

Company

Class8

Location

Toronto, Ontario, Canada

About

Class8, formerly known as FleetOp, is a data provider for the trucking business. The company is focused on enhancing operational efficiency and decision-making through data insights. It was founded and is led by Chris Atkinson. Class8 has recently secured funding to support its growth and expansion.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Class8 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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