Pallet, a San Francisco, CA-based unified transportation and warehouse management platform, has secured $18 million in Series A funding, bringing its total raised to $21 million.
Investors
The round was led by Bain Capital Ventures, with participation from Bessemer Venture Partners and Activant Capital. Angel investors include Zach Frankel, Toast founders Aman Narang and Steve Fredette, Dutchie CEO Tim Barash, and others.
Founded in 1984, Bain Capital Ventures is a venture capital firm based in San Francisco, California. The firm invests in B2B software startups from seed to growth stages across its four domains: Fintech, Commerce, Apps, and Infra. Over the past 20 years, with more than $10 billion under management, BCV has helped launch and commercialize over 400 companies.
Pallet Use of Funds
Pallet plans to use the funding to expand its team, scale operations, and enhance enterprise product capabilities.
About Pallet
Pallet develops supply chain software to provide end-to-end logistics visibility, automation, control, and optimization. The company’s flagship products include a Transportation Management System (TMS) and a Warehouse Management System (WMS), designed to streamline business operations. The platform integrates multiple logistics functions, enabling teams—such as dispatchers, warehouse managers, accountants, and customer service representatives—to operate on a single system. Launched in April 2023, Pallet serves trucking companies like BLK Out Logistics and Victory Final Mile.
Funding Details
Company: Pallet Systems, Inc.
Raised: $18.0M
Round: Series A
Funding Date: October 2024
Lead Investor: Bain Capital Ventures
Additional Investors: Bessemer Venture Partners, Activant Capital, Zach Frankel, Toast founders Aman Narang, Steve Fredette, Tim Barash
Company Website: https://www.trypallet.com
Software Category: Transportation and Warehouse Management
Source: https://www.businesswire.com/news/home/20241002015291/en/