Trucking distribution system developer Baton raised $10.5m in a round co-led by Maersk Growth that included Prologis Ventures, Lineage Logistics and RyderVentures.

Maersk Growth, the strategic investment arm of shipping firm AP Moller-Maersk, co-led a $10.5m series A round today for Baton, a US-based developer of logistics management technology.

The round was co-led by venture capital firm 8VC and included Prologis Ventures and RyderVentures – on behalf of warehouse operator Prologis and logistics firm Ryder System – as well as warehouse operator Lineage Logistics and various angel investors.

Baton is building a system that involves a series of drop zones where truckers…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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