DriverReach Secures $7.5M in Series A Funding From Fulcrum Equity Partners
Summary
The funds will primarily be allocated to research and product development of DriverReach’s software platform as the company seeks to expand its offering to enable more robust compliance and reporting functionality and more integration capabilities with job boards and other lead generation partners. A major hiring focus will be on bolstering its sales and marketing efforts, adding to the existing leadership, and expanding the product development department. Scott Dorfman, Fulcrum Equity Partner, commented, “We are seeing massive growth in transportation, logistics, and trucking due to the explosion of eCommerce. A mobile-first DOT application experience feeds directly into a full-service ATS with email and text functionality, streamlining the process of qualifying drivers so companies can Hire. Listen to or watch the Taking the Hire Road podcast, hosted by Jeremy Reymer and in collaboration with FreightWaves, for timely conversations with industry experts.