Driver Technologies provides a driver-focused matching solution to improve truck utilization for logistics operators, commercially offered since January 2022 (the company initially operated under the name Carnival). Over the past year its service footprint has expanded beyond trucking into retail with driver tasks, propane and petroleum delivery, industrial waste collection, and passenger transport (buses, taxis, hires). As of November 2023 the platform is used by several thousand domestic business locations. The company announced it raised about ¥100 million in an undisclosed round with participation from LINE Yahoo Group, East Ventures, Skyland Ventures, Vector, Headline Asia and individual investors. LINE Yahoo Group and East Ventures participated as follow-ons and were founding backers. Proceeds will be used to streamline workflows and accelerate technologization as the company aims to become the first-choice driver platform. Management cited an April 2024 labor-rule change capping drivers' overtime at 960 hours annually and expects the resulting supply-demand gap to increase demand for its matching service.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2023