Ofload, a Sydney, Australia-based logistics startup focused on helping companies make their supply chains more efficient and greener, raised $31 million in funding.
Investors
The round was led by Yarra Capital Management and included reinvestments from King River Capital and Jungle Ventures.
Yarra Capital Management is an independent and active Australian fund manager, offering access to fundamental equities, fixed income, and multi-asset products, with funds under management of approximately A$20 billion.
Ofload Use of Funds
The company will use the funding to support the roll-out of its Carbon Analytics Platform (CAP) and broaden its business growth.
About Ofload
Founded in 2019 by Geoffroy Henry, Ofload is a digital freight platform that connects shippers and carriers into centralized supply chain ecosystems. The company recently launched its Carbon Analytics Platform (CAP), designed to help businesses automate the measurement of carbon emissions within their supply chains. Working with hundreds of customers who move freight across Australia, Ofload has 120 employees and has acquired CIA Logistics and MF Freight to support growth.
Funding Details
Company: Ofload
Raised: $31.0M
Round: Unknown
Funding Month: June 2024
Lead Investors: Yarra Capital Management
Additional Investors: King River Capital, Jungle Ventures
Company Website: https://www.ofload.com.au/
Software Category: Freight Management
Source: https://www.smartcompany.com.au/startupsmart/news/logistics-startup-ofload-raises-31-million-carbon-emissions-tracking-platform/