Class8

Class8

Network of ELD load boards connecting 126K drivers with 3PLs, automating spot market coverage and providing real-time load visibility.

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$22.0m

Series A
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth-97 %22 %7 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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FleetOps operates within the logistics and transportation sector, focusing on enhancing the efficiency of freight matching for third-party logistics providers (3PLs) across North America. The company leverages a network of electronic logging device (ELD) load boards, which are integrated into leading ELD solutions, to connect with a vast pool of 126,000 drivers. This integration allows FleetOps to offer real-time visibility on load status and automate the freight booking process, thereby streamlining operations for brokerages. The business model is transaction-based, where FleetOps charges brokerages a fee upon successfully matching them with drivers. By aggregating data from eight major telematics providers, FleetOps provides unique market insights and ensures reliable coverage by verifying truck availability in real-time. The platform also automates carrier vetting, embedding client-specific requirements into the booking process to ensure compliance. FleetOps serves 3PLs and brokerages looking to optimize their logistics operations and gain a competitive edge in the spot market.

Keywords: logistics, transportation, freight matching, ELD, 3PLs, brokerages, real-time visibility, telematics, spot market, automation.

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