Tech Company Financing Transactions
TrueNorth Funding Round
On 12/9/2021, TrueNorth raised $50 million in Series B funding from private investors, 137 Ventures and Fifth Down Capital.
Transaction Overview
Company Name
Announced On
12/9/2021
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series B
Investors
private investors (Lead Investor) (Lachy Groom)
private investors (Lead Investor) (Sam Altman)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
Undisclosed
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
Traditional trucking companies still run on paper, emails, phone calls, and snail mail. They're inefficient and bloated. The pressure of low margins suffocates the truckers who actually do the work. Our software changes that. We're giving them superpowers: a dedicated sales and operations team in their pocket. We increase their revenue and decrease their operating cost.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jin Stedge
Chief Technical Officer
Sanjaya Wijeratne
Browse more venture capital transactions:
Prev: 12/9/2021: Reveleer venture capital transaction
Next: 12/9/2021: Easol venture capital transaction
Share this article
Where The Data Comes From
We do our best to record all VC transactions involving tech companies. VC investment data records reported here come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs