Fundz

Évora-based startup Meight raised €3.4 million in a funding round led by Cusp Capital to develop their cloud-based transport platform across Europe.

PRIVATEDec 17, 2024

Amount Raised

€3.4 Million

Round Type

Seed

ÉvoraTransportationLogistics

Investors

EIT Urban MobilityGrupo LusiavesFaberCusp Capital

Description

Meight has successfully secured €3.4 million in funding to enhance its Intelligent Transport Platform (ITP) and expand its presence in Europe. This funding round saw participation from notable investors including Cusp Capital, Grupo Lusiaves, Faber, and EIT Urban Mobility.

Quick answer

Meight raised €3.4 Million in a Seed round, dated December 17, 2024. Investors: EIT Urban Mobility, Grupo Lusiaves, Faber and Cusp Capital. Meight is based in Évora, Evora, Portugal.

How much did Meight raise?
Meight raised €3.4 Million in a Seed round on December 17, 2024.
Who invested in Meight?
EIT Urban Mobility, Grupo Lusiaves, Faber and Cusp Capital are named as investors in this round.
What does Meight do?
Meight is a Portuguese startup based in Évora that focuses on developing an Intelligent Transport Platform (ITP) for the trucking industry.
Where is Meight based and how big is it?
Meight is based in Évora, Evora, Portugal.
Who are the decision-makers at Meight?
Fundz holds 1 contact at Meight. 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 Meight that raised within 45 days of this round, from Fundz verified event records.

  • Liquidity Services raised $1M (Seed) on January 31, 2025.
  • Freight Technologies raised $3M (Seed) on January 31, 2025.
  • ADLC raised $2.2M (Seed) on January 31, 2025.
  • Position Imaging raised $14M on January 21, 2025.
  • Shippeo raised $30M (Funding Round) on January 15, 2025.
  • Truck Parking Club raised $2.3M (Seed) on January 15, 2025.

Who to call at Meight, and when

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Company Information

Company

Meight

Location

Évora, Evora, Portugal

About

Meight is a Portuguese startup based in Évora that focuses on developing an Intelligent Transport Platform (ITP) for the trucking industry. Founded in 2021, the company leverages AI-driven tools to modernize freight operations, offering solutions for automated dispatching and real-time monitoring. Meight aims to cater to small, family-owned trucking carriers through its paperless system, enhancing efficiency and competitiveness in logistics. The platform provides measurable cost reductions, significantly impacting the way freight is managed across Europe.

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