About Veritread
Veritread is a company based in Mulberry (United States) founded in 2012 was acquired by Ritchie Bros in January 2023. Veritread has raised $6.9 million across 3 funding rounds from investors including Sumitomo Corporation and Ritchie Bros. Veritread offers products and services including VeriTread Marketplace, VeriTread Exchange, VeriTread Specs & Estimates, and VeriTread Carrier App. Veritread operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and Truckstop.com, among others.
- Headquarter Mulberry, United States
- SectorsTransportation, Automotive & Logistics
- Website category Business and Consumer Services · Shipping and Logistics
- Email••••••••
- Website veritread.com
- Social LinkedIn X Facebook Instagram
- Acquired by Ritchie Bros (Jan 2023)
- Legal Name Veritread, Llc
- Total Equity Funding$6.9M (USD)
in 3 rounds
- Latest Funding Round$3.5M (USD), Series A
Apr 2019
- InvestorsSumitomo Corporation
& 1 more
- Acquired byRitchie Bros
(Jan 2023)
Products & Services of Veritread
Veritread offers a comprehensive portfolio of products and services, including VeriTread Marketplace, VeriTread Exchange, VeriTread Specs & Estimates, and VeriTread Carrier App.
Platform for listing and bidding on freight shipments
Service for handling full equipment transport details
Tool providing instant freight estimates for equipment
App for carriers to manage and book shipments
Apps and channels of Veritread
Veritread publishes 2 mobile apps with over 10K+ downloads.
Funding Insights of Veritread
Veritread has successfully raised a total of $6.9M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $3.5 million completed in April 2019. 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 $6.9M
- Total Rounds 3
- Last Round Series A — $3.5M
- First Round $900,000
(Apr 2013)
- Investors Count 1
All 3 funding rounds of Veritread with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2019 | $3.5M | Series A | – | – | – |
| Aug 2017 | $2.5M | Series A | – | Sumitomo | – |
| Apr 2013 | $900,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Veritread
Veritread has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Sumitomo Corporation and Ritchie Bros.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Diversified conglomerate operating across multiple industries | 1919 | sumitomocorp.com | Tokyo, Japan | |
- | – | ritchiebros.com | - |
Investor details for Veritread
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Veritread
19 people are tracked at Veritread (7 in leadership, 12 in team).
| Name | Role | Group |
|---|---|---|
Hitesh Shah | Director Of Engineering | Leadership |
Wayne Keyes | Chief Marketing Officer | Leadership |
Jeffrey Cox Jr. | President/Founder | Leadership |
Lee Betagole | Director of Operations | Leadership |
Amenah DeBien (MBA) | Director Of Customer Service | Leadership |
Brian Ratkovec | Director of Sales | Leadership |
Ravi K. | Chief Technology Officer | Leadership |
Reed Carr | Regional Sales Representative | Team |
Andrew Katanick | Front End Technical Lead | Team |
Maurice Belcher | Senior Software Engineer | Team |
Dakota Bainter | Senior QA And Sustainment Engineer | Team |
George Carr | Regional Sales Representative | Team |
Ryan Brabec | Business Development Manager | Team |
Molly Frady | Marketing Strategist | Team |
Brandon Spakowski, MSc | Carrier Sales Executive | Team |
Paul Alves | Software Engineer | Team |
Danielle Mitchell | Strategic Account Sales | Team |
Nancy Mumm | Office Manager, Human Resource | Team |
Navya Jain | Machine Learning Engineer | Team |
Complete people profiles for Veritread
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Veritread
4 dated milestones of Veritread across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Veritread is founded.
- Funding First funding round of $900K.
- Funding Latest funding round, Series A, of $3.5M.
- Exit Acquired by Ritchie Bros.
Competitors of Veritread
Veritread 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 Truckstop.com, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| echo.com | 2005 | Chicago, United States | $17.3M | 2,405 | Technology-enabled supply chain and transportation services are provided to enterprises. | |
| transfix.io | 2012 | New York, United States | $124.56M | 282 | Offers a marketplace providing on-demand load matching and freight booking services | |
| uship.com | 2003 | Austin, United States | $51.81M | 115 | Global online marketplace for freight and vehicle shipping is facilitated. | |
| uberfreight.com | 2017 | San Francisco, United States | $2.78B | – | Trucking carriers are matched with shippers via an online marketplace. | |
| truckstop.com | 1995 | New Plymouth, United States | – | – | Online load board integrated with freight management functionalities | |
| convoy.com | 2015 | Seattle, United States | $825.5M | 909 | Truckers are connected to on-demand freight via a digital platform. | |
| cloudtrucks.com | 2019 | San Francisco, United States | $141.6M | – | Web-based payment solutions are offered for trucking operations. | |
| loadsmart.com | 2014 | New York, United States | $383.6M | – | Trucking services are booked via an online marketplace platform. | |
| cargomatic.com | 2013 | Long Beach, United States | $49.66M | 251 | On-demand trucking marketplace for drayage connections is operated. |
Detailed competitors of Veritread
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Web traffic of Veritread
The website of Veritread (veritread.com) receives about 162.8K visits a month and ranks #302,144 among all websites worldwide, #8,719 in Shipping and Logistics.
- Monthly visits162.8K
▲ 24.4% vs previous month
- Unique visitors58.8K
per month
- Global rank#302,144
among all websites
- Category rank#8,719
Business and Consumer Services · Shipping and Logistics
- Bounce rate45%
- Pages per visit2.3
- Average visit1 min 06 sec
- DevicesDesktop 40% · Mobile 60%
Websites whose visitors overlap most with Veritread. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
freedomheavyhaul.com | freedomheavyhaul.com | 100% | – | #2,136,963 | – |
| mylittlesalesman.com | 99% | 152.9K | #192,745 | View details | |
| trinitylogistics.com | 98% | 13.3K | #1,648,452 | View details | |
hotshottrucking.com | hotshottrucking.com | 95% | – | #1,387,779 | – |
autostartransport.com | autostartransport.com | 94% | – | #956,140 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 25 similar websites and full traffic analytics for Veritread
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 25 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Similar companies to Veritread
10 companies that operate in the same segment as Veritread (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about Veritread
Veritread was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Veritread is headquartered in Mulberry, United States.
Veritread is a funded company, having raised a total of $6.9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $900K, raised on Apr 2013.
Founded in 2012 in Mulberry, United States, VeriTread operates in the freight transportation sector as an online marketplace. Heavy-haul shippers and service providers are enabled to conduct secure transactions. Enterprise and Pro solutions are provided for high-volume users to manage and optimize internal transportation programs, with the Pro solution scheduled for launch in 2014. Backing is received from IronPlanet, Tap Publishing Company, and Yoder Frey.
Veritread's top competitors include uShip, Transfix and Uber Freight.
Veritread offers VeriTread Marketplace, VeriTread Exchange, VeriTread Specs & Estimates, and VeriTread Carrier App.
Veritread has 2 investors. Key investors include Sumitomo Corporation, and Ritchie Bros.
Veritread operates through Veritread, Llc.
Yes. Veritread was acquired by Ritchie Bros in January 2023.
Yes. Veritread publishes VeriTread Carrier and 1 more app, with over 10,000 downloads.
The website of Veritread receives about 163 thousand visits a month and ranks #302,144 among all websites worldwide.