Tow4Tech, a Coral Springs, Florida-based SaaS platform for fleet managers and trucking companies, has raised $1.5 million in pre-seed funding.
Investors
The round was led by BrightCap Ventures, an early-stage venture capital firm based in Sofia, Bulgaria. Founded in 2018, the firm invests in companies with proprietary technology and global growth potential. It partners with visionary founders, offering entrepreneurial expertise and access to networks in Silicon Valley, Europe, and beyond.
Tow4Tech Use of Funds
The company will use the funding to expand its national network of towing providers, enhance its platform’s capabilities, and grow its engineering team to continue driving innovation.
About Tow4Tech
Founded in 2024 by Craig Schneider and Ziv Gillat, Tow4Tech is a software company that provides a SaaS platform connecting fleet managers and trucking companies with a nationwide network of tow operators and roadside assistance providers. The company utilizes advanced algorithms and geolocation technology to automate the selection and dispatching of tow services, aiming to reduce downtime and improve operational efficiency for the heavy-duty trucking industry. Based in South Florida, Tow4Tech offers real-time tracking, automated service requests, and integrated invoicing.
Funding Details
Company: Tow4Technologies Inc.
Raised: $1.5M
Round: Pre-seed
Funding Date: April 2025
Lead Investor: BrightCap Ventures
Additional Investors:
Company Website: https://www.tow4tech.com/
Software Category: SaaS-based Towing and Roadside Assistance
Source: https://www.globenewswire.com/news-release/2025/04/30/3071303/0/en/Tow4Tech-Raises-1-5M-Pre-Seed-Round-to-Modernize-Commercial-Fleet-Towing-Backed-by-BrightCap-Ventures.html