What is Turvo?
Founded in 2014 and headquartered in the San Francisco Bay Area, Turvo offers a comprehensive platform designed to connect people and organizations across the entire supply chain. Its cloud-based software and mobile applications enable shippers, logistics providers, and carriers to collaborate in real-time, enhancing efficiency and transparency. Turvo's technology addresses critical needs in the logistics sector, facilitating seamless communication and operational synchronization for businesses navigating complex supply chain networks. The company's strategic vision is to create a unified ecosystem for supply chain participants.
How much funding has Turvo raised?
Turvo has raised a total of $85M across 2 funding rounds:
Series A
$25M
Series B
$60M
Series A (2017): $25M with participation from Slow Ventures, Upside Partnership, Felicis Ventures, and Activant Capital Group
Series B (2018): $60M led by G2 Venture Partners, Siemens Venture Capital, and Mubadala Ventures
Key Investors in Turvo
Slow Ventures
Slow Ventures is an investment firm that has participated in Turvo's funding rounds. Further details on their investment focus are not provided.
Upside Partnership
Upside Partnership is a venture capital firm specializing in early-stage investments, focusing on providing financial support and mentorship to founders. Their involvement suggests a belief in Turvo's foundational potential.
Felicis Ventures
Felicis Ventures is a venture capital firm that invests in early and growth-stage technology companies. Their participation indicates support for Turvo's scaling phase and technological innovation.
What's next for Turvo?
With substantial enterprise-level backing, Turvo is strategically positioned for accelerated growth and market penetration. The recent major strategic investment signals strong investor confidence in the company's ability to disrupt the traditional logistics landscape. This capital infusion will likely be directed towards enhancing its platform capabilities, expanding its global reach, and forging new partnerships within the enterprise sector. Turvo's focus on real-time collaboration and data integration is key to its future success in an increasingly interconnected and data-driven supply chain environment.
See full Turvo company page
