EXO Freight is a technology company.
EXO Freight has raised $15.0M across 1 funding round.
EXO Freight has raised $15.0M in total across 1 funding round.
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.
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 |
|---|---|---|---|
| May 1, 2022 | $15.0M Series A | 1984 Ventures, Byld Ventures, Cortical Ventures, Left Lane Capital, YAS Investments, Victoria van Lennep |