10-4 Systems Closes $13.9M Series A Funding for its Supply Chain Visibility Technology
Posted by on Jul 7, 2016
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10-4 Systems (Boulder, CO), announces the closing of its Series A round of financing. The round was led by Andrew Leto, one of the founders of GlobalTranz. This investment and spinoff marks a new chapter for 10-4.
10-4 Systems, the leading provider of supply chain visibility technology to freight carriers, brokers, and shippers, has secured $13.9M of Series A financing led by GlobalTranz co-founder Andrew Leto. Founded in 2012 within GlobalTranz, 10-4 has developed software and an integration process to greatly improve visibility and communication in the freight transportation industry. In conjunction with this financing, 10-4 has successfully completed a spin-off from GlobalTranz, allowing it to focus on product development and customer acquisition.
“This is an important milestone for 10-4, and one that we’ve been working diligently to execute for quite some time,” said Travis Rhyan, 10-4 President and CEO. “We appreciate the contribution from our former parent company and look forward to the next chapter in our organizations evolution. We’ve secured significant investment that will continue to fuel our growth, expansion, and innovation for years to come. We look forward to continuing to serve our customers with best in class technology and service as we work together to bring modern day technology to an antiquated industry.”
About 10-4
10-4 is the first and only integrated, automated, transportation exchange connecting Carriers, Brokers, and Shippers to move and track freight in real-time. 10-4’s Freight Portal software and integration provides streamlined communication by giving companies end-to-end visibility of their inbound and outbound shipments.