• GenLogs

  Participated · Seed · Sep 2024

  Founded in 2023 by former CIA officer Ryan Joyce, GenLogs has built an AI-driven Truck Intelligence platform that aggregates trillions of data points from roadside cameras, satellite feeds, and other sources to map the real-time movements of commercial trucks across the United States. A three-step privacy filter deletes private-vehicle footage, screens for USDOT numbers, and blurs windows, allowing the system to focus solely on commercial freight while remaining compliant with privacy standards. The data is analyzed to verify carrier authenticity, reduce fraud, and combat the $35 billion annual problem of cargo theft. Shippers, logistics providers, insurers, financial institutions, and government agencies use the platform for carrier sourcing, underwriting, and oversight; current customers include J.B. Hunt, Werner Enterprises, AIPSO, and the Jacksonville Port Authority. The technology has also assisted federal and state law-enforcement agencies in cases involving sex trafficking and narcotics smuggling. GenLogs plans to use fresh capital to expand its sensor network and enhance its AI capabilities for broader industry adoption. The company has raised a total of $81 million to date but has not disclosed revenue or headcount figures.

• Jetstream Africa

  Participated · Series A · Jan 2023

  Jetstream Africa operates an e-logistics platform that vertically aggregates fragmented logistics and financing vendors to serve cargo owners in cross-border trade. The company underwrites short-term loans (15–90 days) backed by actual shipments, taking a security interest in cargo and disbursing funds directly to vendors across the supply chain. After pivoting to focus solely on import-export customers, Jetstream now functions as a freight forwarder offering end-to-end movement plus trade finance. The startup has disbursed about $9 million in total loans to date (up from a $1 million debt facility in 2021) and has scaled from one loan per month to up to 50 loans per month. It reports being EBITDA positive, with revenue growth of 48% and active customers up 102% year-over-year; shipments are 47% air, 44% ocean and 9% ground. The team of 44 plans to use the new capital to expand into additional countries (it currently operates in 29 markets, 12 in Africa) and continue developing its technology platform.

No current team members are available.