Participated · Series E · May 2025

Flock Freight operates a Shared Truckload (STL) freight brokerage that leverages AI-powered, patented pooling technology to combine shipments from thousands of businesses. Its platform optimizes across the company’s entire customer network to generate cost savings for shippers and earnings for carriers while reducing carbon emissions. The company emphasizes a low carbon footprint as a key outcome of its pooling approach. Flock Freight was founded by CEO Oren Zaslansky and is based in Encinitas, California. The business plans to use new capital to expand operations and broaden its business reach. No revenue or user metrics were disclosed in the article. Flock Freight offers FlockDirect, a software-driven "shared truckload" service that pools midsized freight from multiple shippers headed the same way using probability-pricing algorithms. The model lets customers avoid repeated loading/unloading and pay only for needed trailer space while enabling haulers to fill trucks to capacity. It also runs a "prebate" program for freight under 40 feet and 36,000 pounds to deliver incremental cost savings. The company says its technology can cut carbon emissions by as much as 40% versus hub-and-spoke shipping and estimates it has eliminated more than 15,000 tons of emissions to date. Flock plans to use new funding to expand operations and hire, including opening a new Chicago office this year. Flock Freight built a software platform that pools shipments going the same direction into single shared truckloads, avoiding the traditional hub-and-spoke LTL model. Its algorithms enable shippers to treat freight up to 44 linear feet as ‘shared truckload,’ improving utilization and, the company says, cutting freight-related carbon emissions by about 40%. The company is five years old and is based in San Diego. Flock Freight plans to use new funding to hire more employees; it had 129 employees at the time of the report. Financially, the company recently closed a large financing and has raised $184 million to date, with a post-funding valuation reported at $500 million. The product is positioned as an alternative to digital freight-matching services by focusing on the shipments themselves rather than only matching truckers and shippers. Flock Freight is a Solana Beach, Calif.-based hubless business-to-business freight logistics company founded in 2015 by Oren Zaslansky. Its core product, FlockDirect, is a hubless pooling product that uses proprietary algorithms to pool multiple less-than-truckload (LTL) and partial-truckload (PTL) shipments into full truckload service. FlockDirect is positioned as a mid-market and enterprise-level solution that aims to eliminate terminals, remove the need to switch trucks or stop at warehouses, optimize routes and guarantee delivery dates. The company raised $50M in a Series B funding round led by SignalFire and GLP Capital Partners. Flock Freight intends to use the proceeds to expand FlockDirect. The product is designed to create a predictable shipping schedule for customers by consolidating shipments and optimizing routes.

Participated · Equity · Nov 2024

Orderful builds AI-powered software to simplify EDI and other supply-chain data workflows, including a core platform called Mosaic that accelerates partner onboarding and auto-adjusts to retailer formatting changes. It also offers Pixel, a web console for exchanging EDI documents across multiple partners and converting natural language input into EDI, plus a tool that auto-generates retailer-compliant shipping labels. Orderful claims its tools have processed more than 6 billion EDI transactions and can reduce partner onboarding time by a factor of 10, lowering associated costs and penalties. Financially, the company has raised $35M in a Series C announced in this report, bringing total outside funding to $85M. With the new funding, Orderful plans to prioritize feature development to add monitoring and automation capabilities for retailers' supply chains.

Participated · Equity · Jul 2023

Cobli builds fleet-management solutions that leverage artificial intelligence and image-related data to improve vehicle operations. The company is developing video-based features that integrate vehicles into customers' operations and plans to expand capabilities such as facial-recognition and accident-recognition. The new investment of US$20 million (R$100 million) will be used primarily for product development and deeper exploration of AI and image data. Cobli also plans to invest the capital in customer success and in winning larger enterprise clients, targeting fivefold growth over the next three years. Investors are framed as strategic partners to support long-term impact and expansion into areas like urban transport and electric mobility. IFC highlighted Brazil's fleet market potential—more than 10 million light commercial vehicles—and said the investment should help attract private capital and improve fuel efficiency, maintenance costs and accident prevention. Cobli builds IoT- and AI-powered fleet-management software and hardware to give operators visibility and automate workflows across logistics operations. The company connects telematics and sensor data to products such as fuel management, onboard cameras and automated operational processes. Cobli plans to expand its product suite into data-driven offerings, including a usage‑based fleet insurance product priced on real vehicle telemetry. The business says it already connects more than 3,000 companies and has grown from 15 people in 2017 to over 200 employees today, with plans to add more than 300 hires in 2022. The recent capital raise will be used on two fronts: accelerating product development (including new sensors and AI features) and geographic and commercial expansion. Cobli positions itself to enable greater integration across insurers and fuel suppliers through richer operational data, aiming to reduce costs and accidents while improving service levels.

Led · Equity · Feb 2021

Pipe17 provides AI-powered composable order operations for modern merchants and fulfillment service providers. Its ecommerce order operations solution enables omnichannel order flows that are touchless and cost-efficient, offering orders-to-anywhere automation, real-time visibility, rapid deployment, and elastic scale across DTC, B2B, and retail. The company raised $15.5M in funding and intends to use the proceeds to expand operations and accelerate development efforts. Backers were not disclosed in the report. Pipe17 is led by CEO Mo Afshar and recently hired its first Chief Operating Officer, Kelly Goetsch. The company is based in Seattle, WA. Pipe17 builds a no-code integration layer that allows e-commerce merchants to connect selling platforms, shipping providers, point-of-sale systems, and ERPs without writing code. The product uses pre-built mappings so users simply pick two services and Pipe17 connects them intelligently, a model the founders describe as “no-code-no-code.” Co-founders Mo Afshar and Dave Shaffer created the company to address the gap between abundant e-commerce applications and the difficulty many merchants have getting those tools to communicate. The service targets sellers ranging from single-digit millions to nine-figure annual sales. Pipe17 positions itself as a way to simplify operations for merchants that lack in-house IT, and the founders compare the market opportunity to what Plaid, Twilio, Splunk and Datadog did in their niches. The company faces competitors in the no-code e-commerce automation space, including Y Combinator-backed Alloy, which has raised funding for a related approach.