Alvys, a Solana Beach, CA-based provider of a logistics operating platform for logistics and supply chain management, raised $20.5M in Series A funding.
The round was led by Titanium Ventures (formerly Telstra Ventures), with participation from RTP, Bonfire and Picus Capital.
The company intends to use the funds to accelerate its growth, further enhance the development of its platform and expand its team.
Led by CEO and Founder Nick Darman, Alvys provides a logistics operating platform designed to empower logistics and supply chain management by integrating modern, cloud-based solutions to streamline processes and improve operational efficiency. Founded in 2020, it offers comprehensive solutions for load management, accounting, billing, driver and vendor pay, and payroll. The platform organizes relevant data, making it accessible to every user within an organization. The company enables quick, informed decision-making and reduces manual processes to create an advanced TMS in the industry.
FinSMEs
15/07/2024