Tuesday, Jun. 07, 2022, 02:36 PM
RunBuggy, a tech platform designed to connect car shippers and transporters, has secured $19 million in Series A financing from an investor group that includes the Larry H. Miller Company, Porsche Ventures and Hearst Ventures.
The funds will be used for continued scaling of the technology and accelerating product adoption, the company said.
“For the first time ever, RunBuggy allows shippers to seamlessly and securely connect at scale with their existing management systems to integrate car transportation services, reducing cost and improving delivery times,” RunBuggy chairman RJ Romero said in a news release.
RunBuggy chief executive officer Kevin Malik added: “We are tremendously proud of what we have accomplished in a few short years. We have led the industry with technology, transforming dated and analog processes to ensure that both shippers and haulers are equipped to succeed in a rapidly changing industry.
“We are thrilled to be moving into the next chapter with Larry H Miller Company, Porsche Ventures, and Hearst Ventures by our side as partners with deep expertise and a shared passion for simplifying logistics,” Malik said. “We will continue to leverage RunBuggy’s leading marketplace technology to accelerate our growth and continue to lead the industry forward.”
RunBuggy was founded in 2018. Since then, more than 17,000 drivers have signed up on the platform, which has delivered to more than 55,000 unique addresses, according to the company.
