Contact

Ontruck , a technology company in the logistics sector, raises €9.2M


, , ,
Integral service around a transaction
BY : Diego GutiérrezMay Fri, 2017
With this new capital inflow, the on-demand logistics platform created in Spain reaffirms its objective of reinventing the transport logistics market, a sector that generates 10 billion dollars (9.2 billion euros).
About Ontruck

OnTruck is a technology company, created in 2016 by Iñaki Jauregui, the founder of la nevera roja, which has already achieved a total of $12.18M in two rounds of investment.

The company's success lies in the fact that it uses technology to directly connect businesses with carriers to provide a freight delivery network that allows any business to make immediate shipments with full control over how and when their goods are delivered.

Road freight transport is a market in which intermediaries charge a 15% commission to manually connect supplier and customer. In Europe, the road freight market currently accounts for around 10% of European GDP, and technology has not yet taken hold.

Ontruck currently operates in Madrid and Barcelona, but plans to establish itself in the rest of Spain and to grow in Europe.

"Through technology, we want to make road freight transport accessible, simple and low-cost for all companies in Europe, regardless of their size," says Iñigo Juantegui, co-founder and CEO of Ontruck.

Ontruck receives investment round

The €9.2M investment round is the second round received by the start-up. The round was led by Atomico, a London-based venture capital firm that invests in European companies.

The entry of a European investor, with a lot of experience in technology companies, is a great support for Ontruck, which wants to become a reference in its sector throughout Europe.

  Also participating in the round were the investment group Idinvest, an undisclosed large energy group, as well as existing investors Point Nine Capital, La Famiglia and Samaipata Ventures.

Ontruck's objective with the round is to expand its engineering teams and products in Europe, consolidate its dominant position in the Spanish market and expand into new European geographies.

Technology is changing the logistics sector

Technology has a lot to say in the logistics sector. In recent years, especially in the US, new startups have emerged that are revolutionising the freight sector. Some of these companies have already received great support from investors such as Flexport , which was founded in 2011, has already received a total of $90M. Flexport is the world's first licensed customs agency that has been built around a modern web application.

Ontruck , a technology company in the logistics sector, raises €9.2M

Other posts that may interest you

Israeli freight management company buys Spanish competitor WebCargo

France's Serena Capital leads a €6M round in Barcelona-based logistics technology company iContainer.

 

If you are looking for investors, you want to buy or selling a companyplease contact us. Abra-Invest has a team of experts in each area at your disposal. Call +34 946424142 or fill in the contact form.

 

Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?

M&A NEWS
INDUSTRIAL REPORTS
closearrow-circle-o-downchevron-downcrossmenu