Zuum Transportation: Raises $12.58M in Seed Funding

  • Zuum, an Irvine, CA-based platform that automates freight for shippers, brokers, carriers, and drivers, raised $8.58m in second seed funding
  • Zuum announced the recent close bringing total raise to $12.58m to date
  • The company intends to use the funds to expand operations and its business reach
  • Since 2016, the solution has grown to deliver thousands of loads per month for more than 235 shippers, including several Fortune 500 companies
  • Freight booked on an integrated logistics platform, matching shippers with pre-vetted carriers
  • Automated bidding, dispatch, track & trace, workflow automation, digital document management, accounting, and predictive reports
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Apple Strengthens Reach with Apple Pay Launch in India

Apple Pay expands its footprint, aiming to capture the Indian digital payments market.Highlights: Apple Pay officially launches in...

Brink’s Strengthens Position with $6.6B NCR Acquisition

Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...

Barclays Strengthens Blockchain Payments Platform Discussions

Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...