Telegraph, a Chicago, IL-based company building software for the freight rail industry, raised $10M in Series A funding.
The round was led by Crosslink Capital with participation from Slow Ventures, 9 Yards Capital, Motivate Venture Capital, Extra Credit Ventures, Construct Capital, 8VC, and BoxGroup.
The company intends to use the funds for hiring across all roles to enable expansion of the existing offering and growth of new platform features and functionality.
Founded in July 2020 by Harris Ligon, CEO, Amaro Luna, Chief Product Officer, and Shachar Astor, Chief Growth Officer, Telegraph provides cloud-based operating systems for railroads, shippers, logistics service providers, and railcar leasing companies. The platform provides price transparency, shipment visibility, and proactive business intelligence to allow customers to make shipping by rail easier and more effective.
Since the company’s $3.2m seed funding, the team has launched its suite of software products across railroads, logistics companies and shippers in the United States, Mexico, and Canada.
FinSMEs
07/12/2022