Work Truck Solutions operates a cloud-native platform that enables dealers, OEMs, upfitters, and distributors to optimize the buying, selling, and maintenance of commercial vehicles. Its product suite includes one-stop inventory management, operational analytics, and digital marketing to increase visibility and efficiency across the commercial vehicle supply chain. CIBC Innovation Banking has provided growth capital financing to support further development of the company’s SaaS platform and expansion of market presence. Rubicon Technology Partners is participating alongside CIBC in the financing. The company says the capital will be used to continue product development and support customers navigating supply-chain complexities. The announcement did not disclose a financing amount or a detailed instrument breakdown. Work Truck Solutions offers marketing and commercial inventory management services that let dealers display commercial vehicles online and enable buyers to search dealer inventory by truck body type. The dealer-facing service went live in January 2013 and the company’s portfolio also helps body manufacturers and distributors allow end customers to locate in-stock inventory nationwide. Over 600 commercial dealers and numerous body manufacturers and distributors use its services. The company will use new funding to accelerate expansion of its services. Work Truck Solutions is led by CEO and founder Kathryn Schifferle and is based in Chico, California.

Total raised

$5M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2017