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.
Investor · 1 deal
Every published round Mars Growth took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Ofload | Series B | 15 Nov 2022 | $60m | Participant | Startup Daily (4 Jun 2024), SmartCompany (4 Jun 2024), SmartCompany (14 Dec 2022), Techboard, SmartCompany (18 Nov 2022), @AuManufacturing, SmartCompany (16 Nov 2022), Startup Daily (15 Nov 2022), SmartCompany (15 Nov 2022), Forbes Australia |
Companies Mars Growth has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Ofload | 15 Nov 2022, Series B | 1 | 0 |
Fund closes reported for Mars Growth, as distinct from the investments it has made.
Companies Mars Growth has backed that another company then bought. An exit for the holding, not a deal Mars Growth did.
Stories naming Mars Growth. 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.
SmartCompany profiles ten Australian startups to watch in 2023, recapping recent funding rounds, one acquisition, and pitch-event and awards results across insurtech, gaming, biotech, death tech and freight.
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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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