Turvo raises $25m for ‘collaborative logistics’ platform

Silicon Valley-based Turvo’s platform launched Tuesday, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.

Turvo raises $25m for ‘collaborative logistics’ platform

Silicon Valley-based Turvo’s platform launched Tuesday, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.

Turvo raises $25m for ‘collaborative logistics’ platform

Silicon Valley-based Turvo’s platform launched Tuesday, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.

 
Silicon Valley-Based Turvo has launched its new “collaborative logistics” platform, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.
    Turvo’s platform provides real-time visibility of shipments, Al-powered productivity tools, and secure collaboration, the company said.
    “While other solutions focus on more narrow aspects of logistics, such as on-demand trucking, freight forwarding, or track-and-trace of goods, Turvo spans the entire supply chain from orders and shipments to invoices and payments,” the company said.
    The two-year-old startup, which officially launched its platform today, also received $25 million in Series A financing, led by Activant Capital, with participation from existing investors Felicis Ventures, Upside Partnership, Slow Ventures and Tony Fadell.
    Additional investors include: Box co-founder and CEO Aaron Levie; Renew.com co-founder and Oscar Insurance co-founder Kevin Nazemi; and Bank of Baroda Chairman Ravi Venkatesan.
   Turvo is working with a variety of companies, including Oberto Brands, the nation's leading all-natural jerky manufacturer; Le Metier De Beaute, a high-end cosmetics company; Anchor Brewing, America's original craft brewery; and logistics providers like Service First Logistics.
Big ships are the future. They ’ re coming to Oakland and we ’ re going to be ready for them.
Uncertainty over the cargo volumes in 2019 will continue due to the concerns on a global economic slowdown, Brexit, and the U.S.-China trade conflict.
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Turvo raises $25m for ‘collaborative logistics’ platform

Silicon Valley-based Turvo’s platform launched Tuesday, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.

By Hailey Desormeaux on Mar 28, 2017AmericanShipper.com

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Turvo raises $25m for ‘collaborative logistics’ platform

Silicon Valley-based Turvo’s platform launched Tuesday, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.

By Hailey Desormeaux on Mar 28, 2017AmericanShipper.com