TruckSmarter

Digital platform for trucking operations management

San Francisco, California, United States

About TruckSmarter

TruckSmarter is a digital platform that streamlines operations for owner-operators in the trucking industry by offering services like fuel savings, broker listings, and a load board for easy bidding and booking. The platform provides real-time load information and fuel prices, helping truck owners find loads efficiently. Unlike its competitors, TruckSmarter emphasizes excellent customer service, allowing users to speak directly with support staff, and features a user-friendly design. The goal is to support truck owners with reliable and efficient services, especially during challenging times in the industry.

San Francisco, CaliforniaHeadquarters
2021Year Founded
$67.1MTotal Funding
DEBTCompany Stage
Automotive & Transportation, Enterprise SoftwareIndustries
51-200Employees

Benefits

Competitive salary & equity
100% of premiums, 75% for dependents
Unlimited PTO
Monthly wellness stipend
Desk budget
Parental leave
Relocation support to move to SF or Chicago
401(k) program

Risks

Increased competition from new digital platforms could dilute market share.
Reliance on broker partnerships exposes TruckSmarter to financial instability risks.
Rapid financial service expansion may lead to regulatory scrutiny and compliance challenges.

Differentiation

TruckSmarter offers a free electronic load board for easy load booking.
The platform provides a comprehensive suite of services for owner-operators.
TruckSmarter's user-friendly design and excellent customer service are key strengths.

Upsides

TruckSmarter secured a $50M debt facility to expand financial services.
The platform's AI-driven analytics optimize load matching and route planning.
Partnerships with fuel providers offer dynamic pricing and discounts.

Funding

Total raised$67.12 M
Latest valuation$125.00 M
StageDEBT
DEBT
6/30/2024
$50
SERIES A
8/31/2021
$15
$75.00 M
SEED
3/31/2021
$4
$20.00 M