VC fundraising for transportation & logistics software companies
Transportation and logistics software went through a sharp boom and reset between 2021 and 2023. Capital that flowed indiscriminately into digital freight and visibility has consolidated around operators with real gross margin, volume growth and disciplined working capital. Generalists have rotated out; supply chain and fintech specialists make up most of the active book.
The active investor set is supply chain and logistics-specialist seed and growth funds, fintech-fluent investors focused on payments and working capital exposure, and corporate venture arms attached to large logistics and transportation groups. Flow has direct relationships with the logistics specialists and the corporate venture arms still active in the category.
Flow has experience running VC fundraising processes for transportation and logistics software companies across TMS and fleet management, freight brokerage and digital freight, warehouse and yard management, last-mile and parcel operations, and visibility and shipment tracking. Our extensive investor network spans early-stage seed funds, growth-stage investors, and strategic and corporate VC arms.
"Transportation & logistics software" KPIs VC investors look at
The metrics venture investors benchmark before pricing a round - in diligence, at the IC table, on the term sheet.
Subscription ARR
Transaction revenue
Loads / shipments
Take rate
Net retention
Active customers
Gross margin
Customer concentration
Working capital cycle
CAC payback
Transportation & logistics software valuations in May 2026
Public transportation & logistics software comps trade at 2.6x EV/Revenue. Median revenue multiple across transportation & logistics software VC rounds was 14x in the last 12 months.
2.6x
Median EV/Revenue as of May 2026 for public transportation & logistics software companies
5.4x
Roper Technologies is the highest valued public transportation & logistics software company based on EV/Revenue (excluding outliers)
2.8x
Median EV/Revenue across transportation & logistics software M&A deals in the last 12 months
14x
Median EV/Revenue across transportation & logistics software VC rounds in the last 12 months
Key recent transportation & logistics software VC rounds
$180M Undisclosed stage raised by Cart.com was the largest transportation & logistics software VC round completed in the last six months.
See all transportation & logistics software VC rounds| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
Mar-26 | Cart.com |  | Cart.com is an Austin-headquartered provider of end-to-end commerce and logistics solutions unifying operations for B2C and B2B brands across sales channels. The platform supports multichannel fulfillment through a nationwide network of warehouses, AI-powered optimization, and data science teams serving thousands of mid-market and enterprise customers spanning consumer goods and industrial sectors. | Arsenal Growth EquityMercury+3 | $180M | - | Undisclosed stage | |
Apr-26 | Glydways | | Glydways is a California-based mobility company developing personal rapid transit systems with autonomous Glydcars on dedicated guideways. Providing on-demand, direct rides without traffic delays, its network targets campuses, airports, and urban corridors with lower construction and operational costs than traditional rail. | Grupo ACSGates Frontier Fund+4 | $170M | $700M | Series C | |
Apr-26 | EYSA |  | EYSA is a Spanish provider of integrated mobility solutions for urban environments, emphasizing smart city transformations. The company deploys technology for public transport optimization, citizen connectivity, and sustainable management models across European cities. | CofidesTikehau Capital | $104M | - | Undisclosed stage | |
Apr-26 | Loop | | Loop is a San Francisco-headquartered logistics fintech platform automating freight payments and invoice reconciliation. The service ingests shipment data from carriers like UPS and matches bills to contracts in real-time, reducing disputes by 90%. Loop integrates with TMS systems from Oracle and SAP for end-to-end visibility. Serving shippers like HelloFresh, it processes billions in freight annually from U.S. offices. | 8VCFounders Fund+5 | $95M | - | Series C | |
Feb-26 | GenLogs | | GenLogs is a freight intelligence provider using AI-powered roadside sensors to map truck carriers and track logistics movements. Its platform processes over 1 billion vehicle detections annually across U.S. highways, delivering insights on carrier routes, fleet utilization, and capacity trends. Clients include shippers, brokers, and carriers like C.H. Robinson for supply chain optimization. Headquartered in Austin, Texas, GenLogs launched commercially in 2022 after piloting with major freight forwarders. | 9Yards CapitalAutotech Ventures+7 | $60M | - | Series B | |
Dec-25 | Radial | | Radial delivers omnichannel commerce operations from its King of Prussia, Pennsylvania headquarters. The company handles order management, fulfillment, fraud detection, payments, tax compliance, and customer care for retailers. Radial supports store fulfillment and transportation for brands including QVC and Verizon. Acquired by bpost in 2017, it connects supply chains across North America. | BoxGroupDiede van Lamoen+5 | $50M | - | Series A | |
Dec-25 | Qargo |  | Qargo is a Gurgaon-based SaaS provider in India offering cloud transportation management for logistics with features like PDF auto-import, dynamic pricing engines, container loading optimization, shipment planning, and invoice automation. The platform serves freight forwarders and shippers streamlining operations across Asia. | Balderton CapitalSofina | $33M | - | Series B | |
Mar-26 | BusRight | | BusRight is a U.S.-based school bus tracking and management platform enhancing student safety through real-time GPS monitoring and route optimization. Headquartered in Florida, the company equips fleets with IoT devices for dynamic navigation, driver alerts, and parent apps showing arrival times, live locations, and emergency notifications. BusRight serves school districts with integrated routing software that reduces fuel use and on-time performance metrics, partnering with transporters in multiple states for scalable deployments since 2019. | Volition Capital | $30M | - | Undisclosed stage | |
Mar-26 | cargo.one |  | cargo.one is a digital marketplace enabling freight forwarders to book air cargo capacity from airlines including Lufthansa Cargo, Finnair, Etihad, ANA, and AirBridgeCargo. Berlin-headquartered since 2017, it processes thousands of daily bookings with data analytics for rate comparison and availability. Backed by Bessemer Venture Partners and Index Ventures, cargo.one serves forwarders like Kuehne+Nagel, DSV, and Flexport. | Bessemer Venture Partners | $20M | - | Undisclosed stage | |
Feb-26 | Integrate | | Integrate is a software platform for managing launch services in the space industry. Users input spacecraft details, track modifications, notify collaborators, and monitor milestones through its web-based interface. The tool supports mission planning for satellite operators and launch providers. | FPV VenturesFUSE+4 | $17M | - | Series A | |
Dec-25 | Rail-Flow | | Rail-Flow is a Vienna-headquartered software suite for European rail logistics, automating tender processes, offer evaluations, and intermodal bookings. The platform connects shippers with carriers across DB Cargo, SNCF Logistics, and Mercitalia networks. Rail-Flow handles wagon tracking, capacity auctions, and EDI integrations for seamless order fulfillment. Serving logistics firms since 2012, it optimizes routes on corridors from Rotterdam to Verona. | Bonsai PartnersClimentum Capital+3 | $15M | - | Series A | |
Nov-25 | Ruiyun Cold Chain |  | - | Guangzhou Industrial Investment GroupZhongqiao Industrial Holdings | $14M | - | Series A | |
Apr-26 | Render Networks | | Render Networks is a Victoria, Australia-based geospatial platform for telecommunications network deployment. It automates scoping, scheduling, resourcing, and optimization of fiber rollouts using AI-driven mapping and daily adjustments. Render Networks supports operators like Telstra and NBN Co in Australia and New Zealand, reducing deployment costs by 30 percent through web-based project management. The solution provides visibility across distributed teams for nationwide broadband expansions. | IFM Investors | $14M | - | Undisclosed stage | |
Nov-25 | Swisspod |  | Swisspod is a Lausanne-headquartered company engineering fully electric Hyperloop pods for high-speed ground transportation. Founded in 2018 as a spin-off from student innovators, it designs vacuum-tube systems capable of speeds exceeding 1,000 km/h between cities like Geneva and Zurich. Swisspod collaborates with CERN for testing magnetic levitation technology and partners with Swiss universities for aerodynamic simulations, aiming to deploy certification tracks in Switzerland by 2025. | Felix PorscheHurbig Ventures+1 | $13M | - | Seed | |
Jan-26 | Datatruck | | Datatruck is an AI-native transportation management system for trucking. It integrates ERP, financial tools, AI agents, and analytics to streamline operations, payments, and insights for U.S. carriers. | Avenue Growth Partners | $12M | - | Series A |
VC investors active in transportation & logistics software
Y Combinator is the most active VC investor across transportation & logistics software, having invested in 34 startups in the last three years.
See all transportation & logistics software VCs| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Y Combinator | | Y Combinator is a San Francisco-headquartered startup accelerator that funds and mentors early-stage technology companies across sectors like software, biotechnology, and fintech. Since its inception in 2005, it has propelled alumni including Airbnb, Dropbox, and Stripe through intensive three-month programs featuring Demo Days and investor networks. | HaladirBurtConduit+2 | 34 | Pre-seed | |
Antler |  | Antler is a Singapore-headquartered global venture capital firm founded in 2017 that invests in early-stage tech companies. It operates day-zero programs in 27 cities, backing 1,000+ startups with $100 million deployed annually across AI, fintech, and sustainability. Portfolio includes unicorns like Hold One and Tiqets, with a network of 3,000 mentors and 700+ investors for follow-ons. | Dash ElectricMapify LogisticsSteadi+2 | 25 | Pre-seed | |
Plug and Play | | Plug and Play is a Sunnyvale-headquartered venture builder founded in 2006 that operates accelerator programs in 40 industries including fintech, insurtech, and mobility across 50 global offices. It connects over 3,000 startups annually with partners like Google, Visa, and Mercedes-Benz through demo days and corporate innovation challenges. The platform invests in seed and Series A rounds while providing co-working spaces in hubs from Silicon Valley to Singapore. | Catena ClearingTransHumanityKoncrete+2 | 12 | Seed | |
Techstars | | Techstars is a Boulder-headquartered global network founded in 2006 that operates over 50 accelerators annually across 15 countries. It invests $120,000 in exchange for 6 percent equity in 500 startups yearly, spanning AI, sustainability, and healthcare. The firm manages a venture fund deploying capital into alumni companies and runs corporate partnerships with brands like Amazon and Barclays for innovation pilots. Techstars portfolio exceeds 3,500 companies valued over $15 billion collectively. | AutomotusPulse Charter ConnectApekssoltek+2 | 10 | Pre-seed | |
Bessemer Venture Partners | | Bessemer Venture Partners is a global venture capital firm that invests in early-stage technology companies building enduring software and internet platforms. San Francisco-headquartered with offices in New York, London, Tel Aviv, and Bangalore, the firm manages investments in sectors like SaaS, fintech, and cybersecurity. Its portfolio features companies including Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast. Founded in 1911, Bessemer Venture Partners has supported over 140 IPOs and acquisitions, maintaining a presence across North America, Europe, and Asia. | cargo.oneGoodShipPallet+2 | 8 | Series B | |
Rethink Ventures | | Rethink Ventures is a Berlin-based venture capital firm dedicated to sustainable transportation investments. The company targets pre-seed and seed-stage startups innovating in electric mobility, autonomous vehicles, and decarbonized logistics. Backed by institutional investors and corporates, Rethink Ventures supports founders reshaping passenger and freight transport through technologies like battery systems and shared mobility platforms. Its portfolio includes companies advancing hydrogen fuel cells and urban air mobility solutions. | DriveblocksRail-FlowDeftpower+2 | 7 | Seed | |
Autotech Ventures | | Autotech Ventures is a Silicon Valley-based venture capital firm investing in ground transportation startups. The fund targets connected, autonomous, electric, and shared mobility technologies disrupting vehicle manufacturing, dealerships, and logistics. It connects portfolio companies with corporate partners from a network representing major OEMs and suppliers. Autotech Ventures facilitates talent recruitment and follow-on fundraising for early-stage innovators. | GenLogsAugmentDesteia+2 | 7 | Seed | |
Global Brain Corporation |  | Global Brain Corporation is a Tokyo-based venture capital firm investing from seed through pre-IPO stages in technology startups across Asia. The firm has backed over 300 companies resulting in 25 IPOs and 61 acquisitions, partnering with corporations in telecom, real estate, and logistics. It manages dedicated funds for sectors like AI and fintech. | SUPER STUDIONewmoPragtech+2 | 7 | Seed | |
EIT Urban Mobility | | EIT Urban Mobility is a Barcelona-headquartered EIT initiative accelerating start-ups in sustainable transport. Its Impact Ventures portfolio includes 50 companies receiving grants and equity up to EUR 500,000 each. Operating since 2019 with EUR 400 million co-funding through 2026, it connects ventures to public authorities in 10 cities. | FuturailSWITCH - Street WITCHerArxax+2 | 6 | Seed | |
SFC Capital | | SFC Capital is a London-based seed investment firm acting as the UK's most active early-stage backer for startups. It deploys capital through SEIS and EIS qualifying funds and an angel network, curating diversified portfolios for investors. The firm supports British tech and innovation companies with funding and mentorship. | TransHumanityAyni SolutionsMoonbility+2 | 6 | Pre-seed |
Founders and investors we've worked with
We've supported winning builders across transportation & logistics software and beyond.
Ziik
We acted as fundraising advisor to Ziik, a Copenhagen-based all-in-one social intranet and internal communication SaaS platform, on its growth funding round.
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Sentryc
We led the capital raising process for Sentryc, a Berlin-based AI-driven brand protection and IP software provider, on its growth round led by Seventure Partners.
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Picus Security
We advised PE firm Turkven on its $24m Series B investment into Picus Security, an Istanbul-based breach and attack simulation (BAS) cybersecurity platform.
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sevDesk
We advised New York-based crossover investor Arena Holdings on its €50m growth investment into sevDesk, a leading German cloud-native accounting platform for SMEs and freelancers.
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Orka
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
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