CHICAGO--(BUSINESS WIRE)--FleetPulse, the leading innovator in trailer telematics, today announced additional funding from NFI Ventures, a venture capital group run by NFI, a prominent 3PL, and Ironspring Ventures, a venture capital firm with deep transportation and logistics experience. This new backing aims to enhance FleetPulse's development of customer-focused innovations and expedite product commercialization.
Following its recent Q2 separation from Great Dane and an $11M seed funding round, FleetPulse continues to attract strategic and financial investments, reflecting its pivotal role in delivering end-to-end trailer safety and cargo security solutions.
“The trailer must be a strategic, digital asset in our rapidly evolving industry,” said Carl-Christoph “CCR” Reckers, CEO of FleetPulse. “This additional funding is a vote of confidence from forward-looking and highly respected partners in the trucking and venture capital industries, and these relationships will deepen our understanding of customer needs as well as enable us to tap into valuable networks to accelerate commercially.”
NFI, an early adopter of FleetPulse trailer telematics, has been instrumental in pilot programs and technology design partnerships aimed at improving safety, cargo security, and fleet performance. Today, FleetPulse provides critical trailer and cargo data to NFI customers across a growing fleet of thousands of assets nationwide.
"Working together with Fleet Pulse will enable us to provide richer data and insights to our customers," said Jim O’Leary, Vice President of Fleet Services at NFI. “We go beyond providing transportation services and enable our customers to make data-driven decisions about their business."
Ironspring Ventures, an early stage, sector focused venture capital firm with expertise across the industrial supply chain, was excited to back FleetPulse given its rapid trailer deployment and commercial progress since launching as an independent company earlier this year.
“FleetPulse delivers crucial visibility and data-driven insights into trailers, a key asset in the supply chain that has been underserved,” said Ty Findley, General Partner at Ironspring Ventures. “We were impressed by the team’s ability to rapidly deploy the FleetPulse product commercially on to what is now tens of thousands of trailers all across the US, Mexico and Canada. And we’re thrilled to catalyze our network in support of the company’s incredible early momentum.”
This announcement underscores FleetPulse’s commitment to forming partnerships with strategic and financial industry leaders who understand and can address the pressing needs of the sector. Together, they are poised to expedite delivery of customer-inspired solutions and foster a network of key industry specialists.
About FleetPulse
FleetPulse™ is the leading trailer telematics company that enables end-to-end visibility into trailer safety and cargo security, serving customers with OEM-agnostic wired and aftermarket telematics offerings. Based in Chicago, Illinois, FleetPulse was founded in 2017 as a business unit within Great Dane, a leading manufacturer of high-performance commercial transportation equipment including dry, refrigerated, and platform trailers. Now an independent company, FleetPulse supports trailers of any OEM. FleetPulse offers telematics solutions across a comprehensive portfolio of devices, from hard-wired, OEM-installed sensors to easy-to-install aftermarket sensors and cargo cameras. Data collected directly from the trailer’s sensors and components enables real-time, proprietary strategic insights via a digital dashboard and API to increase utilization, enhance safety, and reduce maintenance costs.
About NFI Ventures
NFI Ventures is a venture capital group founded by NFI's fourth generation of ownership. Since 1932, the Brown family has grown NFI into a fully integrated North American supply chain solutions provider. NFI Ventures invests and strategically partners with early-stage companies that seek to innovate and disrupt the supply chain and logistics industry.
About Ironspring Ventures
Ironspring Ventures is an early stage, sector focused venture capital firm specializing in digital industrial innovation. Based in Austin, TX, the fund leads and co-leads early stage investments across four core focus areas: construction, manufacturing, transport & logistics, and alternative energy. Ironspring Ventures is committed to partnering with world-class founders who are changing the way we design, build, distribute, and operate across the industrial supply chain and adds differentiated value through its network of premier industrial operating companies and subject matter experts. In June 2024, Ironspring Ventures announced the close of its $100M Fund II.
