Velostics, a Houston, Texas-based specializing in unified scheduling for shippers across the supply chain, raised $1.95 million in a seed+ funding round.
SaaS Investors
The round was led by Starboard Star with participation from Flyover Capital, Small Ventures USA, and new investor Capital Mazapil.
Founded in 2019, Starboard Star Venture Capital is a venture capital firm based in Houston, Texas. The firm is focused on investments in early-stage technology companies. The firm prefers to invest in construction, property management, energy and other related industrial applications, and sports technology sectors.
Velostics Use of Funds
The company plans to use the funds to grow its network of shippers and their brokers, freight forwarders, and 3PL providers.
About Velostics
Velostics is a logistics Software-as-a-Service (SaaS) company specializing in unified scheduling of appointments, dock, and yard management, and digitizing the gate in/out process for shippers, brokers, freight forwarders, and end customers. The company's platform is designed to serve a wide range of parties involved in the supply chain, including carriers, brokers, freight forwarders, and 3PL providers. Their platform automates communication between carriers and shippers' warehouse and plant systems and logistics teams to schedule, check in, and load vehicles faster and error-free. Velostics solutions have a proven track record of minimizing manual tasks, errors, delays, and demurrage, and increasing operational efficiency and throughput.
Funding Details
Company: Velostics, Inc.
Raised: $1.9M
Round: Seed Plus
Funding Month: October 2023
Lead Investors: Starboard Star
Additional Investors:
Company Website: https://www.velostics.com/
Software Category: Logistics Scheduling
Source: https://www.prnewswire.com/news-releases/velostics-raises-1-95m-to-expand-its-unified-scheduling-platform-301948505.html