Clockwork Logistics Systems: Raises $5.5M in Seed Funding

Clockwork Logistics Systems Raises $5.5M in Seed Funding

• Clockwork Logistics Systems, a Newark NJ-based Proof of Delivery (POD) data logistics platform, raised $5.5M in Seed funding
• The round was led by Newtown Partners with participation from Newark Venture Partners, PSA UnboXed, Vineta Ventures and Estes Final Mile
• The company intends to use the funds to expand operations and its business reach
• Clockwork Logistics Systems provides logistics operations into cloud and mobility by automating the tender, dispatch, and delivery processes
• The platform extends existing operating systems to truck carriers and truck drivers to capture precise Proof of Delivery (POD) data in the delivery moment
• Customers utilize it to digitize a range of complex deliveries including Port Drayage (Haulage), Less than Truck Load (LTL), Expedited Air and Final Mile delivery