SmartHop Raises $30M in Series B Funding
Summary
The round was led by Sozo Ventures with participation from Union Square Ventures, RyderVentures, Greycroft, Equal Ventures, Las Olas VC, The Fund, Robby Nathan, Jett McCandles, Andrew Leto, Craig Fuller, Jason Duboe, and Alumni Ventures. The company intends to use the funds to scale its platform for small truckers and to grow its team. Led by CEO Guillermo Garcia, SmartHop provides independent trucking businesses with a smart solution for dispatching, payments, fuel, lease, and insurance. It uses artificial intelligence to deliver smart load recommendations, full-service dispatch, and fintech products. Earlier this month, the company opened a new headquarters in Miami, a 5,000 square-foot space in the Wynwood district, to support its expanding team.