San Francisco, CA — September 8, 2025 – Today, we are excited to announce our latest fundraise of $16 million to accelerate growth and product innovation. Alongside this milestone, we are also launching our new AI-powered product, Dispatch, designed to help carriers and brokers book loads faster.

With TruckSmarter’s growing suite of products, encompassing a load board, factoring, banking services, fuel discounts and lines of credit, we have 5x’d revenue over the last two years, now serving hundreds of thousands of drivers every month. With Dispatch, we are now launching a new suite of AI-powered tools to take load booking from hours to minutes.

“Seeing available loads is only the first step of many that truck drivers take to find their next job,” said Daniel Kao, Co-Founder & CEO of TruckSmarter. “30% of those loads list incorrect information with folks spending hours verifying details and contextualizing disaggregated pieces of information while racing to make the best offer on an available load. AI can now process all of this in seconds, freeing our customers up to focus on making the best decisions for their business.”

Since Dispatch’s beta launch, customers are already saving 1000s of hours a week verifying load details and receiving successful load matches within minutes.

“Dispatch has given me valuable time back to better focus on running my business,” Jeanise, owner of Flagg Logistics comments. “It’s just one of the many things TruckSmarter does to give us the tools to compete alongside the largest fleets.”

“AI is revolutionary and we’re excited to see its application across the industry,” said Andy Schenck, President of Spot Logistics. “With our continued partnership with TruckSmarter, we’ve been able to connect to qualified drivers even faster as they continue to launch new products.”

Continued Excitement in Our Momentum

Socium Ventures, a venture and growth investment firm backed by Cox Enterprises, led the equity financing, with support from Thrive Capital, Founders Fund, a16z, Bain Capital Ventures, FinVC, and other industry leaders. This investment will help TruckSmarter further innovate as it grows into a leading platform for trucking companies.

“TruckSmarter has proven to be enormously resilient in the face of the worst trucking recession in decades.” says David Yang, Partner at Socium Ventures. “Dan and his team’s maniacal focus to serve everyday truckers has led to strong consistent growth, deep customer loyalty and an exciting product roadmap ahead.”

About TruckSmarter, Inc.

TruckSmarter, Inc. is the one-stop shop for truck drivers and owner-operators to build, manage and grow their business. Through the TruckSmarter app, drivers can access 100s of thousands of available loads, save on fuel, and get paid instantly. For more information, visit trucksmarter.com/dispatch

Media Contact:

press@trucksmarter.com