The FreightTech sector is hotter than ever before. With rapid innovation bringing new solutions to old challenges, there are many startups and entrepreneurs in need of funding. Thankfully the VC community has recognized the potential that exists within FreightTech and you’ll hear from them today. More than 25 leaders from the VC community will be taking the virtual stage to talk about the latest trends, attitudes and strategies in FreightTech investment as well as the general VC world. On top of that, you’ll hear from 5 founders who have led their companies through multiple stages of funding. Hear the challenges and hurdles they overcame to gain the funding needed to jump start their ideas. Enjoy the FreightTech Venture Summit!
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As co-founder of AOL and now CEO and Chairman of Revolution LLC, Steve Case knows a few things about building successful startups. He believes there are great business ideas and innovative founders in all corners of the country, and is on the hunt to find them.
Mark Scudder of Scudder law talks about his firm's role in taking companies public. Scudder mentions how the industry has changed since his father got started with Craig Fuller's grandfather in the 1960s, and how SPAC's will influence companies' investment strategies in the future.
Justin Bailie, co-founder and chief strategy officer for Rose Rocket, shared the company's journey from seedling to full-blown transportation management system provider with Brian Aoaeh, co-founder and general partner of REFASHIOND Ventures, during the FreightTech Venture Summit.
FreightWaves Chief Financial Officer Spencer Piland chats with Kevin Diesel, managing director of venture capital fund Sapphire Ventures, to discuss the many opportunities available for venture capitalists wanting to be involved in freight tech. The multi-trillion dollar freight sector is rich in revenue-generating opportunities for those wanting to support data-driven start-up companies, Diestel says.
Shipwell has succeeded in securing three rounds of investment since its start in 2016. The millions of dollars have allowed the company to rapidly grow its business into an industry-recognized freight transportation management platform. However, as company CEO Greg Price said, come to the venture capital table with your "A" game.
FreightTech entrepreneur Kathryn Schifferle, the founder of Work Truck Solutions and Comvoy, shared with FreightWaves President George Abernathy her journey navigating the venture capital world during the virtual FreightTech Venture Summit.
FreightWaves CEO and founder Craig Fuller hosted a “Fuller Speed Ahead” episode with Truckstop.com CEO Paris Cole and Phil Yates of Bregal Sagemount. The virtual chat titled “Growth Investments: A Successful Entry and Exit,” was part of FreightWaves’ FreightTech Venture Summit on Wednesday. It centered on the founding and growth of Truckstop.com and what’s next for the 25-year-old company, the largest digital freight marketplace in North America.
Venture capitalists Kunal Mehta with Hearst Ventures and Earnest Sweat with GreatPoint Ventures share perspectives on the changing venture capital markets in the wake of the Covid-19 pandemic. Mehta and Sweat, both with backgrounds in the supply chain sector, discuss their recent experience with startup founders in those markets as well as in healthcare and other verticals. They also provide an outlook on how venture funding will progress over the next year and within the decade.
Blue North founder Brit Fitzpatrick highlights her career successes and difficulties as a Black female entrepreneur in the South. She takes CEO Craig Fuller through her goals for Blue North, including attracting supply chain investors to the Northern Kentucky market with a $50 million support fund goal.
The freight business is both complicated and asset-heavy. To be successful, both tech startups and their VC backers need to know the freight business, its pain points and its limitations. Prologis Ventures’ Will O’Donnell speaks with Assembly Ventures’ Jessica Robinson on how the right combination of entrepreneurs and investors can create the most value in FreightTech.
The need for deep industry knowledge and a deeper network of contacts has become key to competing in the crowded logistics venture capital arena. Zach Barasz, director at G2VP, and Ty Findley, managing partner with Ironspring, discuss the advantages startup and later-stage companies find when working with sector-focused VC funds.
Sageview Capital partner Andrew Korn sits down with Craig Fuller to talk about growth capital vs venture capital investments. They discuss longevity of growth investing, Sageview's big bet with Drivewyze, and the impacts of the COVID-19 pandemic on investment strategies.