SOLANA BEACH, Calif.--(BUSINESS WIRE)--Alvys, an end-to-end operating system for middle mile logistics companies with a laser focus on carriers, today announced it has raised a $6.3M seed round led by Bonfire Ventures, with participation from RTP Global and strategic angel investors. This initial investment comes as the company’s customer base has more than doubled since January 2023 and revenue has grown 5x year over year, solidifying Alvys as a game-changer in the trucking industry. The funds will be used to strengthen Alvys' product offerings and expand its talented team, enabling the company to further invest in key areas such as research and development, product enhancement, and customer support.
Alvys' revolutionary operating system helps trucking companies increase efficiency across all departments to deliver a seamless experience to their clients while remaining at the forefront of freight-tech innovation. The cloud-based platform eliminates friction between sourcing, fulfilling, and managing loads through powerful integrations and cross-departmental communication.
In addition to its focus on the underserved market of small to midsize trucking companies, Alvys has an enterprise platform that serves customers with fleets of 300+ trucks, and brokers moving over 6k loads per month. Whether it's dispatch, driver management, load movement, accounting, safety, or compliance, Alvys allows users to complete tasks more efficiently, achieving easier asset addition and higher profit margins.
As a result, Alvys' customers typically report a significant reduction in office overhead within the first month of implementation, while simultaneously increasing the number of loads moved by an impressive 22% within the second month.
“I switched to Alvys and I was blown away by the ease of use and the automation,” states customer Desmond Clark, CEO of Bear Down Logistics. “You just have to hit a button and there you go. You hit this button and a MacroPoint is sent out, you hit that button and an email is sent to the people that owe you paperwork. We can give our customers a link, and they can watch their own freight move across America, just like we can.”
“Alvys has a transformative vision to be the modern end-to-end operating system for carriers and brokers, which will provide a direct connection between the carrier and shipper,” said Jim Andelman, Co-Founder and Managing Director of Bonfire Ventures. “We knew Alvys was onto something special when nearly every customer we spoke to eagerly (and unprompted) shared demos of the platform to showcase its capabilities and just how impactful it has been in their lives. To say that customer love was apparent would be a great understatement.”
Founder and CEO of Alvys, Nick Darman, explained, “Carriers, especially in the SMB segment, are largely neglected in the trucking industry. Existing systems have failed by overlooking carrier workflows and providing inadequate carrier-to-shipper connectivity. By laser focusing on superior carrier workflows and seamless connection between carriers and shippers, we are changing the game for trucking companies. Unlike other operating systems, our system eliminates third-party dependencies on old-world EDI exchange, enabling direct connections between carriers and shippers on our platform. Alvys has successfully connected with hundreds of shippers and their operating systems, no third parties needed.”
Alvys is an innovative new end-to-end operating system for trucking companies, where every workflow a carrier or broker touches has been architected for maximum efficiency and productivity. The cloud-based platform eliminates friction between sourcing, fulfilling, and managing loads through powerful integrations and cross-departmental communication. For more information about Alvys, please visit https://alvys.com/.
About Bonfire Ventures
Bonfire Ventures is a leading, early-stage venture capital firm that invests exclusively in B2B software companies at the seed stage. With over $800M under management, Bonfire backs extraordinary founders and aspires to serve as their most trusted advisors. Known for their hands-on approach, in 2022 Bonfire was named one of the best seed stage VC firms worldwide by founders. Notable investments include TaxJar (acquired by Stripe), Trade Desk (IPO), ChowNow, Boulevard, Figment, Invoca, Cube, and OpenPath (acquired by Motorola). For more information on Bonfire Ventures visit www.bonfirevc.com.
About RTP Global
RTP Global is an early-stage venture capital firm, backing the founders who use technology to reimagine how the world works. Since 2000, RTP Global has made over 110 investments worldwide, with one in 10 becoming multi-billion-dollar companies and 5% publicly trading at over $10bn. Notable investments include Datadog, DeliveryHero, Cred and SumUp. RTP Global has offices in New York, London, Paris, Dubai and Bangalore. For more information on RTP Global, visit www.rtp.vc or follow them on LinkedIn.