News & Analysis

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 »

News & Analysis

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 »

News & Analysis

Logistics software venture WiseTech sees shares soar after profit jump

- August 21, 2019 3 MIN READ

Wisetech Global CEO & founder Richard White.   WiseTech is a Sydney-based logistics company that’s pushed hard into tech in recent years Its shares jumped after beating its own revenue growth predictions for FY19 The company has invested heavily in tech development and acquisitions to scale rapidly Operating profit increased 37% to $80.2 million WiseTech… Read more »