Tech Company Financing Transactions
Class8 Funding Round
On 11/19/2024, Class8 raised $22 million in Series A funding from Xplorer Capital, Commerce Ventures and Inspired Capital Partners.
Transaction Overview
Company Name
Announced On
11/19/2024
Transaction Type
Venture Equity
Amount
$22,000,000
Round
Series A
Investors
Xplorer Capital (Lead Investor) (Jonathan McQueen)
Proceeds Purpose
This funding will accelerate Class8's mission to redefine trucking by making carriers and drivers the heart of every decision, turning trucks into dynamic, profit-driving assets with Original Equipment Manufacturer (OEM) integrated, AI-powered logistics.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
123 Edward St 2nd Floor
Toronto, ON, M5G 1E2
Canada
Toronto, ON, M5G 1E2
Canada
Phone
Website
Email Address
Overview
Until now, the data you've generated has been used to either track your deliveries or to watch over your schedule. Being under this surveillance rarely comes with any advantages for you, much less any compensation for the usage of data that belongs to you. And when you do use this data to manage your operations, it often falls short of giving you the comprehensive insights that are possible. Unfortunately, tech companies are failing you. We're making it our mission to flip the script and unlock the full potential of this goldmine. Class8 is delivering a new standard in trucking. Carriers are not the product we sell, they are the customer we serve.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Chris Atkinson
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