Trucker Path operates a mobile and web platform that helps long‑haul truckers find parking, track shipments, communicate with peers, and connect with brokers and shippers. The app began as a navigational tool and added crowdsourced parking — a sticky feature that 550,000 truckers (of 1.6M U.S. long‑haul drivers) already use. Using Trucker Path, drivers save an estimated 11 hours or about $600 per month, according to the CEO. The company is monetizing by adding financial services: it will offer short‑term cash advances to drivers after delivery and earns revenue by charging customers slightly more interest than it pays its debt provider. Trucker Path is also building an insurance marketplace, expanding its enterprise sales force, and working toward a fully automated freight marketplace to match drivers with the right loads. The 60‑person company has raised prior equity and is pursuing further funding to scale these product and sales initiatives. Trucker Path operates a mobile app and has launched the beta of a freight marketplace called Trucker Path Truckloads that connects truckers, freight brokers, logistics companies, and B2B shippers. The platform aims to give drivers a single place to find and manage freight, accept jobs, and track routes rather than being merely an 'Uber for truckers.' Trucker Path focuses on regional and long‑haul transportation with big rigs, distinguishing itself from local-focused competitors. The company claims nearly 300,000 active users, which it says represents about 20% of U.S. Class 8 truckers, and reports roughly 20% month-over-month growth over the past six months. The article frames this as addressing a large U.S. market opportunity (noted in the piece as about $70 billion). The Truckloads marketplace is presented as a growth vehicle to further boost usage and marketplace activity. Trucker Path is a mobile app that helps truckers find truck stops, parking spots, rest areas, scales, DOT weigh stations, truck washes and other trucking-related locations. The service has grown to 100,000 registered users and reports 20% month-over-month growth. The company says it plans to leverage this user base to launch a platform connecting commercial truckers with shippers and is currently testing that service in an invite-only beta. Trucker Path is also looking to acquire a small to mid-size freight brokerage to help power the shipping side of the business. To support expansion and entry into the Chinese market, it raised $1.5 million from Chinese holding company and social network Renren. CEO Ivan Tsybaev said the company’s mission is to address economic and social problems in the trucking industry to help truckers earn more and make the industry more appealing.

Total raised

$52M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Jun 2017