Turvo, a collaborative logistics startup, raises $25M Series A led by Activant, with participation from individual investors including Tony Fadell, Aaron Levie
Turvo announced today the launch of its revolutionary "collaborative logistics" platform that empowers shippers, brokers and carriers to work together in real-time across the entire supply chain. The company also announced it has raised $25 million in Series A financing from top-tier investors.
Logistics is an $8 trillion-dollar global industry1 plagued by complexity and chaos – and it has been for centuries. Currently, companies manage shipments using pen and paper, spreadsheets, and outdated software with countless redundant, manual tasks. Communication is done through back and forth phone calls, emails, and faxes which is inefficient and error-prone.
"Turvo brings order to the chaos by connecting shippers, brokers and carriers to collaborate in real time, helping them take the time and cost out of shipping," said Turvo CEO, Eric Gilmore, who co-founded the company.
Eric continued, "Logistics impacts every aspect of our lives and yet companies that need to move things from A to B still use archaic technology and operate in silos."
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