Nomad, a Toronto, Canada–based AI-powered fleet management platform, has raised $2 million in a Seed round.
Investors
The funding round was oversubscribed and supported by undisclosed investors.
Nomad Use of Funds
The company will use the funding to expand product development, accelerate go-to-market efforts, and grow the team to support platform scaling.
About Nomad
Founded and led by CEO Loren Shifrin, Nomad is building an AI-powered fleet management platform designed to serve as the operating system for the trucking industry. The company focuses on unifying fragmented fleet operations into a single intelligent platform. Nomad initially launched with AI-driven fuel management and is expanding into a full suite of fleet operations solutions, including route planning, financing, and broader operational workflows. Headquartered in Toronto, Ontario, Nomad’s mission is to drive the growth and profitability of North America’s fleets with the smartest freight technology platform ever built.
Funding Details
Company: Nomad Inc.
Raised: $2.0M
Round: Seed
Funding Date: April 2026
Investors: Undisclosd
Company Website: https://www.nomad.io/
Software Category: AI Fleet Management / Logistics SaaS
Source: https://www.prnewswire.com/news-releases/nomad-raises-2m-in-oversubscribed-seed-round-to-transform-fleet-management-with-ai-302730350.html