Road freight management startup confirms $31 million raise
Ofload, a Sydney freight software company, has confirmed a $31 million round at a $350 million valuation, half a year after the raise first surfaced; it earlier bought CIA Logistics.
Company
Melbourne, VIC
Every investor coverage indicates participated in a round CIA Logistics raised.
The transaction that ended CIA Logistics's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Ofload | Acquisition | 27 Sep 2022 | - | Startup Daily (12 Jun 2024), Startup Daily (4 Jun 2024), Forbes Australia (4 Jun 2024), SmartCompany (4 Jun 2024), SmartCompany (14 Dec 2022), @AuManufacturing, Startup Daily (15 Nov 2022), SmartCompany (15 Nov 2022), Forbes Australia (14 Nov 2022), Startup Daily (3 Oct 2022), Startup Daily (27 Sep 2022) |
Companies CIA Logistics acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming CIA Logistics. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Ofload, a Sydney freight software company, has confirmed a $31 million round at a $350 million valuation, half a year after the raise first surfaced; it earlier bought CIA Logistics.
Sydney logistics platform Ofload has confirmed a $31 million raise, with Yarra Capital Management leading, to fund its newly launched emissions tracking tool, valuing the firm at $350 million.
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Australian road-freight platform Ofload has raised $60 million in Series B debt and equity, led by Jungle Ventures, following its September purchase of Melbourne-based freight business CIA Logistics.
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Sydney freight software firm Ofload has bought Melbourne logistics company CIA Logistics, its first acquisition, with founder Tony Couttie joining as general manager; deal terms were not disclosed.
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