Flexport is among the latest investors in the trucking management platform developer, a week after it backed TrueNorth peer CloudTruck.

US-based trucking operations software provider TrueNorth received $50m today in a series B round that included Flexport Fund, a vehicle for freight forwarder Flexport.

Lachy Groom co-led the round with fellow private investors Sam, Max and Jack Altman, and it included Tribe Capital, Original Capital, K5 Global, 137 Ventures and Fifth Down Capital, taking the company’s equity funding to $61.8m. It also raised $10m in debt financing to help it pre-pay drivers before invoices are settled.

TrueNorth has built a…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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