Hwy Haul, a Santa Clara, CA-based next-generation digital freight platform for fresh produce that connects shippers directly with reliable carriers and truckers, announced that it closed a $10 million funding round, bringing their total raised to $20.6 million.
The round was led by Eileses Capital and included investments from True Blue Partners, BluePointe Ventures, and FDC Partners.
This funding round will be focused on establishing direct relationships with enterprise accounts. This include some of North America's largest food and produce shippers, growers, distributors, wholesalers, and retailers.
"The past two years have underscored the importance of efficient, transparent, and resilient supply chains. At Hwy Haul, we are committed to being a part of the solution, helping digitize the value chain for perishable goods while elevating the experience for shippers and carriers," said Syed Aman, founder and CEO of Hwy Haul. "We are excited to enter this next phase of our company's growth in partnership with our investors, shippers, and carriers."
Hwy Haul is making on-demand shipping more attainable, reliable, and accessible than ever before by leveraging automation processes to simplify internal operations and keep costs low. The platform is built from the ground up using sophisticated optimization algorithms, artificial intelligence, and machine learning.
Company: Hwy Labs, Inc.
Raised: $10.0M
Round: Unknown
Funding Month: November 2022
Lead Investors: Eileses Capital
Additional Investors: True Blue Partners, BluePointe Ventures, and FDC Partners
Company Website: https://www.hwyhaul.com/
Software Category: Digital Freight Platform
About the Company: Founded in 2018 by former Walmart technocrats, Hwy Haul is reimagining the future supply chain for the fresh produce industry. Hwy Haul is building a next-generation digital freight platform that connects shippers directly with truckers by eliminating intermediary friction, introducing end-to-end digital applications, and building advanced cold chain compliance. As produce spends 50 percent of its life on trucks, Hwy Haul creates a business-class shipping experience for a farm-to-fork taste. Its goal is to be the leading digital freight platform for produce by delivering freshness to your doorstep, reducing wastage during transportation, and creating a future for sustainable growth.
Source: https://www.prnewswire.com/news-releases/hwy-haul-closes-10m-funding-round-to-accelerate-company-growth-and-expansion-301672620.html