CloudTrucks
CloudTrucks is a venture-backed virtual trucking carrier and technology provider focused on empowering independent truck drivers and small fleets. Their all-in-one platform offers services for load booking, cash flow management, and compliance, aiming to increase revenue and reduce operational headaches. Key offerings include Virtual Carrier for leasing onto their authority, Exchange for third-party logistics, and tools like CT Fuel for discounts and expense tracking, and CT Cash for instant payments. CloudTrucks optimizes business for owner-operators through features like load recommendations, rate negotiation, business insights, and IFTA filing, with a business model centered around per-load fees or monthly subscriptions for their services.
CloudTrucks
CloudTrucks is a venture-backed virtual trucking carrier and technology provider focused on empowering independent truck drivers and small fleets. Their all-in-one platform offers services for load booking, cash flow management, and compliance, aiming to increase revenue and reduce operational headaches. Key offerings include Virtual Carrier for leasing onto their authority, Exchange for third-party logistics, and tools like CT Fuel for discounts and expense tracking, and CT Cash for instant payments. CloudTrucks optimizes business for owner-operators through features like load recommendations, rate negotiation, business insights, and IFTA filing, with a business model centered around per-load fees or monthly subscriptions for their services.
TL;DR
Sector: Virtual carrier and trucking business-management platform
Founded: 2019
Headquarters: San Francisco, California
Total funding: ≈ $141.6M (as of 2021-11-30)
Core product: Virtual Carrier for owner-operators (insurance, compliance, instant payments, load-booking)
Company Overview
Problem Domain
Operational complexity and cash-flow challenges for independent truck drivers and small fleets.
Founded
2019
Industry
Trucking / Logistics Technology
Funding Track Record
$6.1M
$20.5M
$115M
Participation from Menlo Ventures, Flexport and angel investors
Investor Signal
“Tiger Global, Menlo Ventures, Flexport, Craft Ventures, Khosla Ventures, Kindred Ventures, Caffeinated Capital, Abstract Ventures, Michael Ovitz, Eric Wu”