Alvys, a Solana Beach, CA-based provider of a cloud-based transportation management system made for small to midsize trucking companies and logistics companies, raised $6.3 million in Seed funding.
The round was led by Bonfire Ventures, with participation from RTP Global and strategic angel investors. The company intends to use the funds to strengthen its product offerings and expand its team.
Alvys provides a cloud-based operating system that features dispatch, driver management, load movement, accounting, safety, or compliance management tools to allow trucking companies to increase efficiency across all departments and deliver an improved experience to their clients while remaining at the forefront of freight-tech innovation.
The platform eliminates friction between sourcing, fulfilling, and managing loads through integrations and cross-departmental communication.
Company: Alvys, Inc.
Raised: $6.3M
Round: Seed Round
Funding Month: June 2023
Lead Investors: Bonfire Ventures
Additional Investors: RTP Global
Company Website: https://alvys.com/
Software Category: Transportation Management System
About the Company: Led by Founder and CEO Nick Darman, Alvys is a cloud-based transportation management system for small to midsize trucking companies. Its mission is to help small and midsize carriers and brokers thrive by boosting their business efficiency. The company wants to be the backbone of every trucking company, just like trucking companies are the backbone of logistics. Alvys serves customers with fleets of 300+ trucks, and brokers moving over 6k loads per month.
Source: https://www.finsmes.com/2023/06/alvys-raises-6-3m-in-seed-funding.html