Trucksters grow further than ever with the closing of a Series A round at €14.3M.
Trucksters have raised €8 million in funding through an extension of the first phase of the investment round conducted in July 2021 by the company’s existing investors. This figure comes in addition to the first part of the €6.3 million round conducted in July 2021.
This capital increase closes the Series A round at €14.3 million. It will be used to triple the technological equipment, expand new corridors and continue international expansion, while further improving working conditions for drivers, for example by enabling them to get paid earlier for their trips.
Support from current investors
Trucksters’ current investors have decided to continue betting on the company given its potential. Therefore, the round has had the support of Kibo Ventures, the German logistics fund Amplifier, Bonsai Partners, the German Joint Venture of Axel Springer & Porsche, and the funds Big Sur Ventures, Metavallon VC and The Valley VC. In addition, it has also counted with Sacha Michaud, co-founder of Glovo, and Juan Urdiales, CoCEO of Job & Talent.
“Trucksters have enormous potential and there was no need to seek external funding. It is one of the most interesting startups on the market today,” said Michaud.
On a personal level, Sacha Michaud, Glovo co-founder, investor and member of the Board of Directors, has again invested in this round and becomes Non-Executive Chairman of the company. “What I have always loved most about Trucksters is how its model, based on technology and the ability to relay, impacts the lives of truck drivers, as it allows them to spend less time away from home. Trucksters have turned a very good idea into a reality, with spectacular growth. We, the current investors, have decided to give them our full support, as they have enormous potential and there was no need to seek external funding. Trucksters is one of the most interesting startups on the current Spanish startup scene,” the executive emphasizes.
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Juan Urdiales, CoCEO de Job & Talent, joins in
On the other hand, there has also been a small opening in this round for new investors such as Juan Urdiales, CoCEO of Job & Talent. Thus joining the list where startups such as Glovo, Wallbox or Cabify, among others, are already present. “I met the team a few months ago and they have executed exactly what they said they were going to execute. I think Trucksters are an ideal solution to tackle the post-pandemic logistics chaos, and the technology they have developed will pave a new path in the long-distance logistics supply chain,” explains Urdiales.
Making the relay system the standard
Luis Bardají Izard, co-founder and CEO of the company, emphasizes: “We are very satisfied with the support we have received from our investors. This past year we have reached major milestones that have allowed us to make a considerable leap in the sector and we will continue working along the same lines. Our main goal is to grow the team both nationally and internationally, while we continue to add new routes and continue our international expansion. Our idea is to make the relay system the standard method in Europe. All this, while improving the living conditions of the carriers. We are working to make the logistics ecosystem more sustainable and humane in every way.”
Working with the Red Cross to send aid to Ukraine
Trucksters are working with the Spanish Red Cross to move several trucks with basic humanitarian supplies for Ukrainian refugees who have had to flee their country due to the war. This initiative, developed in collaboration with the Fundación Empresa y Sociedad, consists of sending vehicles carrying blankets, tents and kitchen kits, goods considered basic necessities at this time. The aid vehicles are leaving Spain for the Hungarian town of Debrecen.
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