FoxPoint Trucks, LLC (doing business as OTR Leasing) is a technology-enabled specialty finance company that leases Class 8 trucks. The company uses a proprietary technology platform to acquire trucks, originate leases, and manage large portfolios of trucking assets throughout their life cycle. Management says the platform has decreased lease defaults and driven scalable, efficient growth; FoxPoint doubled the size of its portfolio in the past 18 months. The $85 million capital will be used to refinance existing debt and support continued expansion of the truck fleet. Leadership positions the funding as a way to fuel rapid growth and broaden opportunities for professional drivers and owner-operators. The company was founded in 2013 and is based near Kansas City, Missouri.

Total raised

$85M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2021