About CloudTrucks
CloudTrucks is a company based in San Francisco (United States) founded in 2019 by Jin Shieh and Tobenna Arodiogbu.. CloudTrucks has raised $141.6 million across 3 funding rounds from investors including Flexport, Khosla Ventures and Tiger Global. CloudTrucks offers products and services including Virtual Carrier and Third Party Logistics Exchange. CloudTrucks operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and Loadsmart, among others.
- Headquarter San Francisco, United States
- Founders Jin Shieh, Tobenna Arodiogbu
- Stage Soonicorn
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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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- Legal Name Cloudtrucks, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$141.6 M (USD)
in 3 rounds
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Latest Funding Round
$115 M (USD), Series B
Nov 30, 2021
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Investors
Flexport
& 11 more
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Employee Count
Employee Count
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Products & Services of CloudTrucks
CloudTrucks offers a comprehensive portfolio of products and services, including Virtual Carrier and Third Party Logistics Exchange. 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.
Enables leasing to carriers while maintaining independence
Streamlines shipping operations for better efficiency
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Funding Insights of CloudTrucks
CloudTrucks has successfully raised a total of $141.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $115 million completed in November 2021. 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 3
- Last Round Series B — $115.0M
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First Round
First Round
(30 Jan 2020)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series B - CloudTrucks | Valuation | Tiger Global Management , Menlo Ventures | |
| Oct, 2020 | Amount | Series A - CloudTrucks | Valuation | Caffeinated Capital | |
| Jan, 2020 | Amount | Series A - CloudTrucks | Valuation | Craft Ventures |
| 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 CloudTrucks
CloudTrucks has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flexport, Khosla Ventures and Tiger Global. 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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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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A venture firm based in San Francisco and New York, investments are made in technology companies.
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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 CloudTrucks
| 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 - CloudTrucks
| 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 |
Cloudtrucks Comparisons
Competitors of CloudTrucks
CloudTrucks 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 Echo Global Logistics, Transfix, uShip, Uber Freight and Loadsmart, 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 |
Technology-enabled supply chain and transportation services are provided to enterprises.
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| domain | founded_year | HQ Location |
Offers a marketplace providing on-demand load matching and freight booking services
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| domain | founded_year | HQ Location |
Global online marketplace for freight and vehicle shipping is facilitated.
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| domain | founded_year | HQ Location |
Trucking carriers are matched with shippers via an online marketplace.
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| domain | founded_year | HQ Location |
Trucking services are booked via an online marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Cloudtrucks
Frequently Asked Questions about CloudTrucks
When was CloudTrucks founded?
CloudTrucks was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is CloudTrucks located?
CloudTrucks is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of CloudTrucks?
Tobenna Arodiogbu is the current CEO of CloudTrucks. They have also founded this company.
Is CloudTrucks a funded company?
CloudTrucks is a funded company, having raised a total of $141.6M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.1M, raised on Jan 30, 2020.
What does CloudTrucks do?
CloudTrucks was established in 2019 in San Francisco, United States, focusing on the transportation sector. Cloud-based tools for revenue and administrative management are provided to trucking businesses, encompassing instant payments, schedule optimization, rate management, load booking via app, dispatch services, and truck assistance. The mobile application is accessible on Android and iOS platforms.
Who are the top competitors of CloudTrucks?
CloudTrucks's top competitors include uShip, Transfix and Uber Freight.
What products or services does CloudTrucks offer?
CloudTrucks offers Virtual Carrier and Third Party Logistics Exchange.
Who are CloudTrucks's investors?
CloudTrucks has 12 investors. Key investors include Flexport, Khosla Ventures, Tiger Global, Menlo Ventures, and Eric Wu.
What is CloudTrucks's valuation?
The valuation of CloudTrucks is $850M as of Nov 2021.