Logistics startup FourKites secures $1.25m in round backed by Harvard Business School Angels.

Harvard Business School Angels has participated in a $1.25m round to back FourKites, a Chicago-based startup developing a truck tracking logistics platform.

Other investors include Hyde Park Venture Partners, which led the round, Bluestein & Associates, and Otter Consulting.

Ira Weiss, partner at Hyde Park Venture Partners, said: “There is a huge pain point in the trucking industry and FourKites has solved it. Traditional logistics tracking and communication systems are labor intensive and extremely reactive. As transparency and real-time visibility become increasingly important in the logistics industry, FourKites is leading the way by integrating tracking data from over 90% of the nation’s largest ELD/GPS manufacturers to get real-time data on truck location.”

 

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