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Ofload raises $31M in Series C funding led by Yarra Private Capital Discovery Fund

Jun 03, 2024about 1 year ago

Amount Raised

$31 Million

Round Type

series c

SydneyTransportation

Investors

Jungle VenturesKing River CapitalYarra Private Capital Discovery Fund

Description

Sydney-based logistics software startup Ofload has confirmed a $31 million capital injection, with the funds allocated for product roll-out and overall business growth in digital freight technology. The round was led by Yarra Private Capital Discovery Fund and saw participation from King River Capital and Jungle Ventures.

Company Information

Company

Ofload

Location

Sydney, New South Wales, Australia

About

Ofload is Australia’s leading digital road freight service, helping businesses achieve efficient, flexible and sustainable supply chains, with a nation-wide carrier network servicing over 10,000 monthly shipments of all types of road freight.

FundzWatch™ Score

76
Medium Activity

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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