About BasicBlock
BasicBlock is a company based in Omaha (United States) founded in 2018 by Taylor Monks and Brett Byman.. BasicBlock has raised $81.27 million across 5 funding rounds from investors including Autotech Ventures, Clear Haven Capital Management and Emergent Ventures. BasicBlock offers products and services including Factoring App and Freight Factoring Service. BasicBlock operates in a competitive market with competitors including WaveBL, essDOCS, Outgo, Vector and LeRemitt, among others.
- Headquarter Omaha, United States
- Founders Taylor Monks, Brett Byman
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$81.27 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Autotech Ventures
& 10 more
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Employee Count
Employee Count
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Products & Services of BasicBlock
BasicBlock offers a comprehensive portfolio of products and services, including Factoring App and Freight Factoring Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for quick invoice factoring and payment tracking in trucking.
Service enabling fast transfers and approvals for trucking invoices.
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Funding Insights of BasicBlock
BasicBlock has successfully raised a total of $81.27M across 5 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(14 Aug 2019)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - BasicBlock | Valuation | Autotech Ventures | |
| Jan, 2022 | Amount | Debt – Conventional - BasicBlock | Valuation |
investors |
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| Mar, 2021 | Amount | Seed - BasicBlock | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BasicBlock
BasicBlock has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Autotech Ventures, Clear Haven Capital Management and Emergent Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing globally
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Founded Year | Domain | Location | |
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Seed-stage venture capital focused on enterprise AI, intelligent software, and cloud technologies.
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BasicBlock
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BasicBlock
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Basicblock Comparisons
Competitors of BasicBlock
BasicBlock operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WaveBL, essDOCS, Outgo, Vector and LeRemitt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain technology-enabled platform for transfer of electronic bills of lading and other documents
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| domain | founded_year | HQ Location |
Trade documentation and logistics management are facilitated online.
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| domain | founded_year | HQ Location |
Accounting and invoice management software is provided for receivables.
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| domain | founded_year | HQ Location |
AI-enabled document and transport management solutions are provided for logistics.
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| domain | founded_year | HQ Location |
Provider of AI-powered solutions for cross-border trade
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Basicblock
Frequently Asked Questions about BasicBlock
When was BasicBlock founded?
BasicBlock was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is BasicBlock located?
BasicBlock is headquartered in Omaha, United States. It is registered at Omaha, Nebraska, United States.
Who is the current CEO of BasicBlock?
Taylor Monks is the current CEO of BasicBlock. They have also founded this company.
Is BasicBlock a funded company?
BasicBlock is a funded company, having raised a total of $81.27M across 5 funding rounds to date. The company's 1st funding round was a Seed of $820K, raised on Aug 14, 2019.
What does BasicBlock do?
BasicBlock was founded in 2018 in Omaha, United States, and operates in the logistics sector. Document scanning software is offered to carriers, with capabilities for scanning, entering and syncing order numbers with documents and loads, accessing documentation via web, and printing labels. Clients including NDL and Simons Trucking are supported through these services.
Who are the top competitors of BasicBlock?
What products or services does BasicBlock offer?
BasicBlock offers Factoring App and Freight Factoring Service.
Who are BasicBlock's investors?
BasicBlock has 11 investors. Key investors include Autotech Ventures, Clear Haven Capital Management, Emergent Ventures, Nelnet, and Revolution.
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