Ofload has raised $42.0M in total across 2 funding rounds.
Ofload's investors include Antler, Axilor Ventures, Blackhorn Ventures, Foundamental, Jungle Ventures, Square Peg Capital, Tiger Global Management, Tucker Seed Fund LLC.
Ofload is Australia's leading digital road freight platform, connecting small-to-medium carriers with major shippers like Asahi, Kimberly-Clark, Metcash, and Noumi to optimize freight movements, reduce empty kilometers, and lower CO2 emissions.[1][2][3][4] It provides an end-to-end solution for booking, tracking, data insights, and sustainability tools like the Carbon Analytics Platform, serving the AUD$66B road freight industry with over 10,000 monthly shipments nationwide.[1][2][3] Formerly Loadsmile, Ofload has raised $98.02M in funding, including a Series C - II round, and supports efficient, flexible supply chains while championing small carriers.[1][2]
The platform solves core logistics pain points—underutilized truck capacity, high costs, and emissions—by matching demand with reliable operators via technology and expert teams, enabling shippers to cut waste and carriers to access steady loads.[1][4][5] Growth is strong, marked by acquisitions, nationwide expansion, and awards like LinkedIn Top Startup (2023-2024), Deloitte Fast Starter #4, and Australian Financial Review's BOSS Most Innovative Company.[2][3][4]
Founded in 2020 in Sydney, Australia, Ofload (previously Loadsmile) emerged from founder and CEO Geoffroy Morizot's deep expertise in trucking and logistics.[1][4] An experienced entrepreneur, Morizot previously led operations at HelloFresh and managed last-mile startup BeCool, fueling his passion for value-based decisions, employee experiences, and sustainable practices in freight.[4]
The idea took shape amid Australia's fragmented $66B road freight market, where small-to-medium carriers struggled for visibility and large shippers faced inefficiencies like empty runs.[2][3] Early traction built quickly: by 2022, Ofload expanded via its first acquisition; 2023 brought milestones like Deloitte Fast Starter #4 and LinkedIn Top Startup; and 2024 saw a second acquisition, solidifying its nationwide presence and BOSS #2 Best Place to Work ranking.[2][3][4] Investors including King River Capital, Jungle Ventures, Maersk Growth, and others backed this pivot to scale-up maturity.[1]
Ofload rides the digital freight transformation wave in logistics, digitizing Australia's analog-heavy road transport sector amid rising e-commerce, supply chain scrutiny, and net-zero pressures.[1][2][3] Timing is ideal: post-2020 disruptions accelerated tech adoption, while 2025's Scope 3 regulations and electric vehicle pushes favor platforms like Ofload's, which cut waste in a market with thousands of wasted kilometers yearly.[1][2][5]
Market tailwinds include AUD$66B industry fragmentation, where small carriers (the "long tail") need tech bridges to big shippers, and sustainability mandates boost demand for emissions tools.[2][3] Ofload influences the ecosystem by empowering 10,000+ monthly shipments, partnering with giants like Kimberly-Clark for EV trials, and setting benchmarks via acquisitions and awards, humanizing freight tech for operators and brands alike.[1][2][4]
Ofload's momentum—$98M funding, serial acquisitions, and 2025 EV launches—positions it for dominance in Australia's freight digitization.[1][4] Next steps likely include deeper product expansion (e.g., advanced AI matching, broader sustainability suites) and potential international scaling, fueled by Maersk Growth backing.[1]
Shaping trends: mandatory emissions reporting, EV infrastructure growth, and AI-driven optimization will amplify its edge, evolving Ofload from connector to indispensable logistics OS.[1][5] As it removes waste from transport, expect heightened influence on sustainable supply chains, turning early traction into market leadership.[2][3][4]
Ofload has raised $42.0M across 2 funding rounds. Most recently, it raised $40.0M Series B in November 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Nov 1, 2022 | $40.0M Series B | Antler, Axilor Ventures, Blackhorn Ventures, Foundamental, Jungle Ventures, Square Peg Capital, Tiger Global Management, Tucker Seed Fund LLC | |
| Aug 1, 2020 | $2.0M Seed | Antler, Blackhorn Ventures, Tucker Seed Fund LLC |
