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.
Corporate / CVC · 4 deals
Every published round Maersk 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 | Seed | Aug 2020 | $2.8m | Lead | Startup Daily (Tue 4 Jun 2024), Startup Daily (Tue 15 Nov 2022), Forbes Australia, Startup Daily (Tue 7 Dec 2021), Startup Daily (Mon 24 Aug 2020) | |
| Ofload | Series B | 15 Nov 2022 | $60m | Participant | Startup Daily (Tue 4 Jun 2024), SmartCompany (Tue 4 Jun 2024), SmartCompany (Wed 14 Dec 2022), Techboard, SmartCompany (Fri 18 Nov 2022), @AuManufacturing, SmartCompany (Wed 16 Nov 2022), Startup Daily (Tue 15 Nov 2022), SmartCompany (Tue 15 Nov 2022), Forbes Australia | |
| Ofload | Series A | 7 Dec 2021 | $20m | Participant | Startup Daily (Tue 4 Jun 2024), SmartCompany (Tue 4 Jun 2024), Startup Daily (Tue 15 Nov 2022), SmartCompany (Tue 15 Nov 2022), Forbes Australia, Startup Daily (Tue 27 Sep 2022), Techboard, Startup Daily (Mon 13 Dec 2021), SmartCompany (Fri 10 Dec 2021), Startup Daily (Tue 7 Dec 2021) | |
| Ofload | Unnamed stage | Aug 2021 | $3.8m | Participant | Forbes Australia, SmartCompany, Startup Daily |
Companies Maersk 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 | Aug 2020, Seed | 4 | 1 |
Fund closes reported for Maersk Growth, as distinct from the investments it has made.
Companies Maersk Growth has backed that another company then bought. An exit for the holding, not a deal Maersk Growth did.
Stories naming Maersk 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.
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.
Also SmartCompany·Startup Daily·SmartCompany·@AuManufacturing·SmartCompany·Techboard·SmartCompany·SmartCompany·Startup Daily
Sydney freight logistics startup Ofload raised a $20 million Series A at a $100 million valuation, with existing backers reinvesting and King River Capital, Flexport and Bay Grove joining.
Also SmartCompany·Startup Daily·Techboard·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Forbes Australia
Sydney freight-tech startup Loadsmile, now Ofload, closed a $2.8 million seed round led by Maersk Growth, with Global Founders Capital and Flash Ventures, to expand Australian operations and its carrier platform.
Also Startup Daily·Startup Daily·Startup Daily·Forbes Australia