About Ofload
Ofload is a company based in Darlinghurst (Australia) founded in 2019 by Geoffroy Henry.. Ofload has raised $115.8 million across 6 funding rounds from investors including Flexport, Maersk and Yarra Funds Management Limited. Ofload has completed 1 acquisition, including CIA Logistics. Ofload offers products and services including Freight Marketplace, Carbon Analytics Platform, and Dataverse. Ofload operates in a competitive market with competitors including Explorate, Freight Exchange, Loadshift, Truckiez and Cargohound, among others.
- Headquarter Darlinghurst, Australia
- Founders Geoffroy Henry
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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 Digital Services Australia Iv Pty Ltd
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Annual Revenue
$38.58 M (USD)0as on Dec 31, 2022
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Net Profit
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EBITDA
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Total Equity Funding
$115.8 M (USD)
in 6 rounds
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Latest Funding Round
$31 M (USD), Series B
Jun 04, 2024
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Investors
Flexport
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Ofload
Ofload offers a comprehensive portfolio of products and services, including Freight Marketplace, Carbon Analytics Platform, and Dataverse. 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.
Platform connecting shippers and carriers for efficient load management.
Tool for measuring and reducing carbon emissions in road freight operations.
AI platform aggregating freight data for insights and optimization.
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Funding Insights of Ofload
Ofload has successfully raised a total of $115.8M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $31 million completed in June 2024. 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 6
- Last Round Series B — $31.0M
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First Round
First Round
(25 Aug 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Ofload | Valuation | Yarra Funds Management Limited | |
| Nov, 2022 | Amount | Debt – Conventional - Ofload | Valuation |
investors |
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| Nov, 2022 | Amount | Series B - Ofload | Valuation | Jungle 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 Ofload
Ofload has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Flexport, Maersk and Yarra Funds Management Limited. 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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Investments are directed toward late-stage and growth-stage technology companies.
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Founded Year | Domain | Location | |
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Venture capital investments in early and growth-stage companies across Southeast Asia and India, focusing on technology sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in high growth software 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 Ofload
Ofload has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CIA Logistics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Supply chain, warehousing, logistics, and multi-modal freight services are provided.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ofload
| 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 |
Ofload Comparisons
Competitors of Ofload
Ofload 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 Explorate, Freight Exchange, Loadshift, Truckiez and Cargohound, 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 |
Freight transportation marketplace connecting shippers and shipping lines is operated.
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| domain | founded_year | HQ Location |
Instant access to loads and customers
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| domain | founded_year | HQ Location |
Heavy haulage services are facilitated through an online marketplace.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for efficient road freight transportation services.
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| domain | founded_year | HQ Location |
International freight bookings are enabled via reverse auction marketplace.
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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 Ofload
Frequently Asked Questions about Ofload
When was Ofload founded?
Ofload was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Ofload located?
Ofload is headquartered in Darlinghurst, Australia. It is registered at Darlinghurst, New South Wales, Australia.
Who is the current CEO of Ofload?
Geoffroy Henry is the current CEO of Ofload. They have also founded this company.
Is Ofload a funded company?
Ofload is a funded company, having raised a total of $115.8M across 6 funding rounds to date.
What is the annual revenue of Ofload?
Annual revenue of Ofload is $38.58M as on Dec 31, 2022.
What does Ofload do?
Ofload was founded in 2019 in Darlinghurst, Australia, as a web-based marketplace in the trucking sector. Load providers are automatically matched with truckers, and shipment tracking is enabled for various freight types. Bookings can be made for full truckload, palletized, recurring, on-demand, and refrigerated shipments, supporting logistics operations across the region.
Who are the top competitors of Ofload?
Ofload's top competitors include Explorate, Loadshift and Freight Exchange.
What products or services does Ofload offer?
Ofload offers Freight Marketplace, Carbon Analytics Platform, and Dataverse.
How many acquisitions has Ofload made?
Ofload has made 1 acquisition, including CIA Logistics.
Who are Ofload's investors?
Ofload has 11 investors. Key investors include Flexport, Maersk, Yarra Funds Management Limited, Mars Growth Capital, and Jungle Ventures.