startup

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. As the blockchain and cryptocurrency industry continues its accelerated growth over the next few years, established platforms have started...

Dynamo Ventures, a supply chain-focused seed stage venture capital fund based in Chattanooga, Tennessee, announced Wednesday that it had successfully raised a $43.21 million Fund II. That's more than double the size of Dynamo's $18 million Fund I, which it raised in 2016 and has now fully deployed...

Amazon Inc. (NASDAQ: AMZN) is purchasing 1,000 trucks with high-autonomy software from startup Plus in a deal giving the e-commerce giant a 20% stake in the company. Hennessy Capital Investment Corp. V (NASDAQ: HCIC), the special purpose acquisition company (SPAC) sponsoring Plus for public...

GoFor, which has been rapidly scaling its business and branching out with new technology pilots to meet the demands of modern shippers, has a new leader. Founder and CEO Brad Rollo has stepped aside and Ian Gardner, founder and CEO of Royale EV, takes over as CEO. Rollo was diagnosed with cancer...

Fleet management software company KeepTruckin announced it has closed a Series E round managed by BlackRock and several other lead investors for $190 million. Participating investors include G2 Venture Partners, Index Ventures, Greenoaks, IVP and Scale Venture Partners. With these new funds, the...

When existing investors continue to pour more money into a business, it can serve as a big vote of confidence in the business model. With year-over-year new customer growth exceeding 180%, delivery and fulfillment cloud platform provider Bringg is in that position in 2021. The company Wednesday...

The top two executives at Lordstown Motors Corp. (NASDAQ: RIDE) are out following an internal investigation that found some truth to short-seller Hindenburg Research's allegations of phony preorders for the company's planned commercial electric pickup trucks. The departures of founder CEO Steve...

Trucks Venture Capital announced it has launched two funds to make transportation safer, cleaner and more inclusive. Trucks Venture Fund 2 (TVF2), its new core fund, recently closed on $52,525,252, an amount based on an infatuation with repeating numbers. The fund is backed by seven large global...

Turntide Technologies announced Tuesday the launch of Turntide Transport — a division focused on developing electric "smart motors" for commercial vehicles. As part of the launch of Turntide Transport, the company has acquired two U.K. businesses — Hyperdrive Innovation and BorgWarner Gateshead...

Shippo, an e-commerce shipping platform, has announced it has raised $50 million in new funding led by Bessemer Venture Partners. The company has raised a total of $154.3 million since 2014.  This round has pushed Shippo to unicorn status, now valued at $1 billion.  The company's previous...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Decentralized service protocol Automata Network has announced the conclusion of its latest funding round, having raised $2.4 million from...

When Amazon bought Whole Foods and introduced Amazon Fresh, a doorfront delivery service for a customer’s grocery needs, a sigh of relief fell collectively. The ever infamous ‘grocery shopping’ seems to take a great deal of time and planning for everyone, and the ability to simply...

From PayPal to Gr4vy, John Lunn, a leading executive with Paypal (NASDAQ: PYPL) during his time leading the company's Developer and Start-up Relations division, has come back to the payments business with a new firm, Gr4vy. After that stint in 2015-16, Lunn became a partner in PayPay Ventures...

In March, residents in Oranmore, Galway, Ireland, started buying the latest Samsung devices, including the Galaxy S21 Ultra phone. For some, the enthusiasm of a new phone was only part of the joy; the delivery of that phone added a new layer of excitement to the purchase. The devices were...

What a difference a a few days makes. Earlier this week, Overhaul, with offices in Texas and Ireland, announced a $17.5 million growth investment to expand its supply chain visibility tech solution.   "Had we been, say, a couple of weeks later, it may have caused a problem," Barry Conlon, Overhaul...