Drive My Way, a Cleveland, OH-based Software-as-a-Service provider with a next-generation personalized recruiting marketplace focused on the trucking industry, announced that it closed a $4.4 million Series A financing.
The round was led by First Analysis, with participation from existing investors JumpStart Ventures and JobsOhio Growth Capital Fund, in addition to M7 Holdings.
Drive My Way will use this funding to rapidly expand the capabilities of its technology platform to enhance the driver and employer experience, accelerate sales and driver community growth, and aggressively grow its team.
Beth Potratz, President and CEO of Drive My Way, said, "To compete in this talent market, employers must pursue in-demand candidates more like they're consumers and meet them where they are. Truck drivers are no exception. Drive My Way has led the way in the trucking industry, treating drivers as consumers and offering a transparent and personalized experience with technology playing a critical role in facilitating human interactions. We are excited to partner with an investor team that understands the unique industry dynamics we face and look forward to working with First Analysis."
Since its founding in 2016, Drive My Way has maintained a driver-first, future-focused candidate experience with tech-enabled high touch.
Company: Bryah HR Solutions – Logistics, LLC
Raised: $4.4M
Round: Series A
Funding Month: October 2022
Lead Investors: First Analysis
Additional Investors: JumpStart Ventures, JobsOhio Growth Capital Fund, and M7 Holdings
Company Website: https://www.drivemyway.com/
Software Category: Truck Driver Recruiting Platform
About the Company: Drive My Way is a truck driver recruiting platform focused on drivers and their needs. It matches company drivers and owner-operators with CDL truck driving jobs that meet your professional qualifications and personal lifestyle preferences. Drive My Way's personalized recruiting marketplace matches CDL and non-CDL truck drivers and owner-operators with jobs based on their professional qualifications and personal lifestyle preferences. Drive My Way is making truck driver recruiting personal again by treating the driver as a consumer in the employment relationship and matching truck drivers with jobs that allow them to live the life they want, doing a job they love. Drive My Way partners with employers to start recruiting for retention, creating meaningful connections for employers to turn into lasting relationships.
Source: https://www.prnewswire.com/news-releases/drive-my-way-closes-4-4-million-series-a-financing-round-301660609.html