Total amount raised
$73 Million
Latest funding date
6/1/2023
Location
Warp has successfully raised funding over three rounds, with the latest being a Series A round led by Blue Bear Capital and UP Partners. The company leverages AI and advanced technology to optimize freight strategies, combining the best of Full Truckload (FTL), Less Than Truckload (LTL), and parcel for their network.
Keep reading to explore the intricacies of Warp's fundraising journey and the investors backing this innovative platform.
What Is WARP?
Warp is a transportation and logistics company based in Los Angeles, California. The company leverages AI and advanced technology to optimize freight strategies, offering services such as Full Truckload (FTL), Less Than Truckload (LTL), and parcel shipping.
Founded by Daniel Sokolovsky and Troy Lester, Warp aims to reduce costs, minimize risks, and increase operational flexibility. The company operates a large network supported by over 10,000 carriers and has a workforce of 51-100 employees.
How Much Funding Has WARP Raised?
- Seed Round
- Amount Raised: USD 2,400,000
- Date: February 2022
- Lead Investors: Bee Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of their logistics platform.
- Seed Round
- Amount Raised: USD 5,700,000
- Date: February 2023
- Lead Investors: MaC Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their network and tech platform, automating traditional supply chain processes.
- Series A Round
- Amount Raised: USD 10,000,000
- Date: June 2025
- Lead Investors: Blue Bear Capital, UP Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their logistics network and enhance AI-driven freight optimization.
Total Amount Raised: USD 18,100,000. Current Valuation: Not publicly disclosed.
Key Investors
- Blue Bear Capital
- Details: Blue Bear Capital is a venture capital firm that invests in high-growth companies in the energy, infrastructure, and climate sectors. They focus on leveraging technology to drive efficiency and sustainability.
- Investment Focus Areas: Energy, infrastructure, climate technology
- Notable Investments: Not publicly disclosed
- UP Partners
- Details: UP Partners is a venture capital firm that supports companies developing advanced mobility solutions. They aim to transform the movement of people and goods through innovative technologies.
- Investment Focus Areas: Mobility, transportation, logistics
- Notable Investments: Not publicly disclosed
- MaC Venture Capital
- Details: MaC Venture Capital is a seed-stage venture capital firm that invests in technology startups. They focus on companies that are creating new markets or disrupting existing ones.
- Investment Focus Areas: Technology, consumer products, media
- Notable Investments: Not publicly disclosed
- Bee Partners
- Details: Bee Partners is an early-stage venture capital firm that invests in passionate founders with deep market insights. They support companies in various sectors, providing both capital and strategic guidance.
- Investment Focus Areas: Technology, enterprise software, consumer products
- Notable Investments: Not publicly disclosed
What's Next for WARP?
Warp is poised to capitalize on the growing trend of automating supply chain processes. With their recent funding, they aim to scale their network and technology platform, optimizing middle-mile routes through a single integrated system. This opportunity is significant, as it aligns with industry trends towards increased efficiency and technological integration in logistics.
Future fundraising seems likely as Warp continues to expand its operations and enhance its technology. The successful seed funding rounds indicate strong investor confidence, which could pave the way for additional investment opportunities. However, challenges such as scaling effectively and competing with established logistics companies remain. Ensuring their technology can handle complex freight requirements will be crucial for sustained growth.
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