BigMoneyTrucking1018

FEATURE
TRUCKER TOOLS’ SMART CAPACITY
PLATFORM REACHING 100,000-
PLUS SMALL TRUCKING CARRIERS
By Julie Hatem
Trucker Tools, a company that provides shipment
visibility, carrier capacity management and predictive
freight-matching solutions for the transportation
industry, has completed a Series A funding round, raising $4.4
million in additional capital to support product development and
customer acquisition.
The funding round was fully subscribed by current investors
according to Prasad Gollapalli, Trucker Tools founder and CEO.
“I want to congratulate our team on performing to a level
that has earned this additional commitment from our investor
group,” Gollapalli said. “Customer adoption of the Smart Capacity
platform and tools has been excellent. We have a strong pipeline
of new business. Brokers and 3PLs are seeing the value and asking
us to ramp up product development.”
He added that Trucker Tools also recently reached 100,000
unique carriers active on the network — primarily operators with
fleets of 20 trucks or less.
“Our critical mass of connected capacity continues to grow,”
Gollapalli said. “This funding round demonstrates the confidence
our investors have in the quality of our solutions, the integrity of
our network, its growth prospects and strong early acceptance
from the 3PL and broker community.”
Gollapalli said the funds will be invested in several strategic
areas, such as:
• Expanding product development resources, enabling faster
response to customer requests for new or enhanced functionality.
As part of this effort the company has launched a formal
“customer advisory board” which meets regularly to review and
provide input on the product road map.
• Building out the implementation team, driving faster and more
efficient customer on-boarding, and accelerating integrations
with leading TMS software providers and ERP systems, and
• Brand development and increasing sales and marketing
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