Transportation Startup OnTruck Secures $10 Million

OnTruck completed a round of $10 million in Series A financing. Four investors participated in the round, including Atomico Ventures, IDinvest Partners, and Point Nine Capital.

OnTruck’s founding team members are professionals with international experience in the technology logistics sector. The company’s goal is to have the best global network of carriers to create the most efficient hiring of transport.

In its announcement, the company said the new funds will be used to grow its engineering and product teams as it considers expansion into additional  European markets, including Germany and the U.K.