BP Ventures has backed the UK transport analytics software provider to support its international expansion.
"Faster adoption of lower carbon energy and mobility solutions will help drive bp towards meeting its ambition to become a net zero company by 2050 or sooner and helping the world get to net zero. We’re very excited to be investing in Dynamon, an EV fleet software business deploying software as a service and data science to help the commercial transport industry transition to lower carbon energy fleets."
Eight Roads led the Series B financing round with backing from Bessemer Venture Partners, Episode 1, Dynamo Ventures, and Moguntia Capital.
"We founded Raft as an AI-first company because we saw an opportunity to empower freight forwarders and customs brokers with technology, and take pressure off their operational teams so that they could focus on their customers instead of their keyboards,"
The pre-seed round was backed by the British Design Fund and Techstars to support product development and new service launches.
"As a team, we were sceptical as to why others hadn’t already thought of such a simple solution to the boxes’ outdated design – something that had not changed in over two decades. Coupled with this, we found their production involves carbon-heavy manufacturing and the use of virgin PP plastics, large raw material supply chains, and synthetic dyes."
Atomico led the Series A round with participation from existing investors including Lakestar, Kindred, and Maersk Growth.
"For those operating warehouses, ensuring 100% fulfilment ‘in time, all the time’ is crucial to meeting the demands of the modern consumer. A critical component to achieving this is high stock accuracy, but staff shortages, manual processes, and the speed demanded by customers means that critical decisions across the supply chain are currently being taken blindly,"
"Manchester has always been a city of passion, ambition, and innovation. As someone with strong links to the city and its people, I am thrilled to be part of a new investment opportunity with DeliveryApp, a business that really embodies these values."
