Tech Company Financing Transactions
Terminal49 Funding Round
On 1/19/2023, Terminal49 raised $6.5 million in Series A funding from Grand Ventures, Stage 2 Capital and private investors.
Transaction Overview
Company Name
Announced On
1/19/2023
Transaction Type
Venture Equity
Amount
$6,500,000
Round
Series A
Investors
Grand Ventures (Lead Investor)
Stage 2 Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
340 South Lemon Ave 4909
Walnut, CA 91789
USA
Walnut, CA 91789
USA
Phone
Undisclosed
Website
Email Address
Overview
We built Terminal49's software to help simplify and automate our own drayage operations. Now we're on a mission to do the same for global trade. In August 2015, Philipp and Akshay walked into the offices of a trucking company, seeking feedback on a prototype for an online trucking tool. The feedback came swiftly: they hadn't built something useful. But they did learn about the struggles of the industry, the processes of moving a container from the port to the warehouse and onto a truck.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Akshay Dodeja
Co-Founder
Matt Turner
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