Ofload

About

Ofload provides an end-to-end freight management platform to connect carriers with large shippers.

Sydney,New South Wales,Australia
51 - 100
https://www.ofload.com.au

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $20M
Industries: B2B,Freight Service,Logistics,Software,Supply Chain Management
Founded date: May 24, 2019
Number Of Employee: 51 - 100
Operating Status: Active
Legal Name: Digital Services Australia IV Pty Ltd
Also Known As: Loadsmile

Ofload is a digital road freight platform that fully tackles inefficiencies. Ofload connects road freight to thousands of reliable carriers and manage it through technology. This means less waste and more data.

Ofload manages end-to-end logistics fulfillment through technology, connects carriers with shippers helping shipments to be delivered quickly and affordably by taking up what would have been empty space in delivery vehicles, allowing businesses to have visibility of their shipments.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

8

$27.30M $60M

Ofload has raised a total of $27.30M $60M in funding over 2 rounds. Their latest funding was raised on Nov 15, 2022 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 15, 2022	Series B	$40M	5	Jungle Ventures	—	Detail
Nov 15, 2022	Debt Financing	$20M	1	Mars Growth Capital	—	Detail
Dec 7, 2021	Series A	$20M	5	King River Capital	—	Detail
Jan 13, 2021	Convertable Note	$1.50M	1	—	—	Detail
Jan 13, 2021	Convertable Note	$1.50M	1	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

0

Ofload has made 4 investments. Their most recent investment was on Oct 1, 2019, when Atom Finance raised $10.60M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Oct 1, 2019 Atom Finance	Series A	$10.60M	Education	—
Sep 25, 2019 Laika	Seed	$2.95M	Compliance	—
Sep 16, 2019 Beekeeper	Series B	$45M	Enterprise Software	—
Jul 18, 2019 The Org	Seed	$2.50M	Communities	—

Investors

Number of Lead Investors

Number of Investors

5

10

Ofload is funded by 10 investors. Jungle Ventures and Mars Growth Capital are the most recent investors.

Investor Name	Lead Investor	Funding Round
Jungle Ventures	Yes	Series B
Mars Growth Capital	Yes	Debt Financing
Rocket Internet	Yes	Pre-seed
Bay Grove	—	Series B
Foundamental	—	Series B
King River Capital	—	Series B
Maersk Growth	—	Series B
Flexport	—	Series A
Global Founders Capital	—	Series A
Flash Ventures	—	Seed