Magnus Technologies, an Austin, Texas-based enterprise trucking and logistics management software provider, announces the completion of its Series A growth financing with LKCM Headwater.
The new funding builds on previous investments by global investment firm Carlyle (NASDAQ: CG) and BCG Digital Ventures, the corporate innovation and business building arm of Boston Consulting Group.
The new capital investment in Magnus will accelerate growth for the company's enterprise Software-as-a-Service (SaaS) TMS platform in the $700 billion domestic truckload, less-than-truckload, and freight logistics market.
Company: Magnus Technologies
Raised: Undisclosed
Round: Series A
Funding Month: November 2021
Lead Investors: LKCM Headwater
Additional Investors:
Company Website: https://magnustech.com/
Software Category: Enterprise trucking and logistics management software
About the Company: Magnus Technology Group, headquartered in Austin Texas, has 20 years of experience designing, developing, and delivering enterprise TMS software. Magnus is the first software provider in the transport and logistics industry to offer an enterprise SaaS-based TMS that is affordable and scalable to fleets of all sizes. The all-new Magnus TMS platform is modular and works seamlessly with the Magnus Driver App and Magnus Carrier Advantage network to deliver a complete, end-to-end mobile dispatch and order fulfillment solution to truckload and LTL fleets for maximizing profitability and growth.
Source: https://www.prnewswire.com/news-releases/magnus-announces-series-a-financing-to-accelerate-growth-in-trucking-industry-301418830.html