Funding

Logistics startup raises $60 million in Series B

- November 15, 2022 < 1 MIN READ

Sydney-based logistics startup Ofload has raised $60 million in Series B round of equity and debt. The raise comes 11 months after the company’s $20 million Series A. The round was led by Singapore VC, Jungle Ventures, alongside existing investors Maersk Growth, the venture arm of transport and supply chain giant AP Moller – Maersk, as… Read more »

Business

Freight startup Ofload acquires Melbourne veteran CIA Logistics

- September 27, 2022 2 MIN READ

Sydney logistics software startup Ofload has acquired Melbourne freight specialist CIA Logistics in its first deal to expand nationally. Founded in 2020 with a focus on cutting inefficiencies in the trucking industry and reducing its environmental impact, this is Ofload’s first acquisition, taking its headcount to more than 120 employees in Sydney, Melbourne and Brisbane,.… Read more »

Funding

Logistics startup Shippit raises $30 million in a series B

- December 8, 2020 < 1 MIN READ

Order fulfilment venture Shippit has raised $30 million in a series B round to expand in Asia and Australia. The round was led by New York based investment fund Tiger Global Management, which earlier this year closed an oversubscribed US$3.75 billion private-equity fund to invest in private tech companies. Germany’s Global Founders Capital was also… Read more »

Topics

Logistics startup Loadsmile rebrands as Ofload following $2.8 million seed round

- August 24, 2020 2 MIN READ

Sydney logistics tech start-up Loadsmile, which only launched ahead of 2020’s coronavirus pandemic, has rebranded as Ofload and raised $2.8 million in seed funding, backed the world’s biggest shipper, Maersk. Maersk’s venture arm Maersk Growth, led the round, which between March and July at the height of the lockdowns,  with support from global seed VC… Read more »

Topics

WiseTech shares go ballistic after FY20 results

- August 19, 2020 3 MIN READ

Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m  Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »