Last-mile delivery carrier Better Trucks has secured US$15m in a round of funding led by venture capital firm Lobby Capital with Corazon Capital and Venture 53 also participating.
The funding will be used to finance additional warehouse capacity throughout the US, hire additional staff in the technology, operations and corporate functions and build the company’s flexible driver workforce. Better Trucks has expanded its market footprint to 25 metro areas across 17 states, with plans to double its coverage area in 2023. From the first package scan to the final delivery notification, Better Trucks plans to build its software solution from the ground up to improve parcel visibility and communication throughout the delivery process and increase journey efficiency.
Andy Whiting, co-founder and CEO of Better Trucks, said, “This first outside investment allows us to expand our footprint and build upon our proprietary tech stack to deliver a better experience for our clients and their customers. These investment partners share our vision for the next age of delivery that puts customers’ unique needs ahead of the outdated demands of legacy delivery companies.”
Eric Carlborg, a co-founder of Lobby Capital and lead investor in the funding round, added, “Better Trucks changes the delivery game through its tech-forward, end-to-end solution for any commercial shipper. We got under the hood of Better Trucks and see a bright future for Andy, Weston [Webb, co-founder of Better Trucks] and their team, who have figured out how to supplant the incumbents to serve clients with flexibility, speed and efficiency as shipping demand soars.”