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EXO Freight is a Royal Oak, Michigan-based digital freight marketplace that develops a cloud-based platform to connect shippers and carriers within the open-deck transportation sector. The company focuses specifically on matching capacity for flatbed, step-deck, and removable gooseneck trailers while charging fees for facilitating these logistics transactions. Operating with an estimated 11 to 50 employees, the enterprise currently generates under $5 million in annual revenue across its marketplace. The organization has raised approximately $16.5 million in total funding, including a $15 million Series A round backed by recognizable investors such as Left Lane Capital, Detroit Venture Partners, and Y Combinator. To further expand its available carrier network options and optimize routing, the platform established a strategic integration partnership with 123Loadboard. EXO Freight was originally founded in 2013 by twin brothers Kurtis Tryber and Kris Tryber.
EXO Freight has raised $15.0M across 1 funding round.
EXO Freight has raised $15.0M in total across 1 funding round.
EXO Freight is a digital freight company building the first managed transportation marketplace for open deck shipping, focusing on heavy-haul and specialized freight like flatbed and open-deck loads.[2][3] It serves shippers (e.g., Walmart) and carriers by using technology to match unique shipper freight with specialized equipment, optimizing execution, efficiency, and scalability in the logistics industry.[1][2] The platform solves the lack of dedicated digital marketplaces for open-deck transportation, enabling shippers to book loads faster, carriers to access more opportunities, and both to digitize workflows previously reliant on manual processes.[1][2][3] Growth momentum includes landing major clients like Walmart via rapid EDI integrations, raising $15M in seed and Series A funding (led by Left Lane Capital), and partnerships like with 123Loadboard to expand load exposure.[1][2][3][5]
Headquartered in Las Vegas with an office in Royal Oak, Michigan, EXO Freight (founded 2013) employs around 63 people and generates under $5M in revenue, emphasizing technology for sustainable carrier connections and industry optimization.[2][3][4]
EXO Freight was founded in 2013 by CEO Kurtis Tryber and co-founders who identified a gap in digital solutions for open-deck freight, an overlooked segment dominated by manual processes.[2][3] Tryber's background in logistics drove the idea: create a tech platform at the "intersection" of relentless execution ("E" for Execution, as freight must move without failure) and optimization ("O" for Optimizing via technology), with "X" representing efficiencies for shippers and carriers.[3] Early traction came from addressing the absence of flatbed/open-deck marketplaces—investors noted even Uber avoided this focus—leading to a seed round and startup recognition.[3] A pivotal moment was securing Walmart as a client, forcing rapid EDI setup that unlocked massive revenue via partners like Orderful, proving the platform's scalability for big shippers.[2]
EXO Freight rides the digitization wave in freight logistics, bringing overlooked open-deck shipping (flatbed/heavy-haul) into the digital age amid rising e-commerce and supply chain demands for specialized transport.[2][3] Timing aligns with post-pandemic logistics tech boom, where carriers seek tech to scale amid capacity shortages, and shippers demand efficiency—partnerships like 123Loadboard amplify this by exposing specialized loads to broader networks.[1] Market forces favoring EXO include EDI modernization (unlocking enterprise clients like Walmart) and investor interest in niche marketplaces, as generalists like Uber deprioritize flatbed.[2][3] It influences the ecosystem by pioneering sustainable carrier matching and tech tools, accelerating industry shift from phone/email bookings to platforms that boost carrier lifestyles and shipper volumes.[1][4]
EXO Freight is poised to expand as a leader in specialized freight tech, leveraging $15M Series A to scale its marketplace, forge more integrations, and capture open-deck market share amid logistics digitization.[3][5] Trends like AI-driven matching, sustainability mandates, and EDI ubiquity will shape its path, potentially enabling global reach or acquisitions. Its influence may evolve from niche innovator to ecosystem enabler, optimizing unique freight flows and proving tech can transform even the industry's toughest segments—echoing its core mission of execution through technology.[1][2][3]
EXO Freight has raised $15.0M across 1 funding round. Most recently, it raised $15.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $15M Series A | — | 1984 Ventures, Byld Ventures, Cortical Ventures, Left Lane Capital, YAS Investments, Victoria VAN Lennep | Announced |
EXO Freight has raised $15.0M in total across 1 funding round.
EXO Freight's investors include 1984 Ventures, Byld Ventures, Cortical Ventures, Left Lane Capital, YAS Investments, Victoria van Lennep.
