About Hubtran
Hubtran is a company based in Chicago (United States) founded in 2015 by Matt Bernstein was acquired by TriumphPay in April 2021.. Hubtran has raised $4.44 million across 1 funding round from investors including TriumphPay. The company has 30 employees as of December 31, 2022. Hubtran operates in a competitive market with competitors including Vector, BasicBlock, Outgo, WaveBL and essDOCS, among others.
- Headquarter Chicago, United States
- Employees 30 as on 31 Dec, 2022
- Founders Matt Bernstein
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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 Hubtran, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.44 M (USD)
in 1 rounds
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Latest Funding Round
$4.44 M (USD), Series A
Dec 13, 2018
- Investors
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Employee Count
30
as on Dec 31, 2022
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Acquired by
TriumphPay
(Apr 01, 2021)
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Funding Insights of Hubtran
Hubtran has successfully raised a total of $4.44M through 1 strategic funding round. The most recent funding activity was a Series A round of $4.44 million completed in December 2018. 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 1
- Last Round Series A — $4.4M
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First Round
First Round
(13 Dec 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series A - Hubtran | 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 Hubtran
Hubtran has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TriumphPay. 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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Offers a payment processing platform for the logistics industry.
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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 Hubtran
| 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 - Hubtran
| 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 |
Hubtran Comparisons
Competitors of Hubtran
Hubtran 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 Vector, BasicBlock, Outgo, WaveBL and essDOCS, 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 |
AI-enabled document and transport management solutions are provided for logistics.
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| domain | founded_year | HQ Location |
Document scanning software is provided for carriers in logistics.
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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 |
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 |
A cloud-based platform for logistics data automation is offered.
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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 Hubtran
Frequently Asked Questions about Hubtran
When was Hubtran founded?
Hubtran was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Hubtran located?
Hubtran is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Hubtran?
Matt Bernstein is the current CEO of Hubtran. They have also founded this company.
Is Hubtran a funded company?
Hubtran is a funded company, having raised a total of $4.44M across 1 funding round to date. The company's 1st funding round was a Series A of $4.44M, raised on Dec 13, 2018.
How many employees does Hubtran have?
As of Dec 31, 2022, the latest employee count at Hubtran is 30.
What does Hubtran do?
Founded in 2015 and based in Chicago, United States, Hubtran operates in the logistics sector. AI and SaaS solutions are developed to automate billing, invoicing, and document management processes. OCR and machine learning technologies are utilized for digitization and integration with third-party systems. Services support operations for clients such as Ryder and SevenOaks.
Who are the top competitors of Hubtran?
Hubtran's top competitors include Vector, Outgo and BasicBlock.
Who are Hubtran's investors?
Hubtran has 1 investor. Key investors include TriumphPay.
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