Exciting news from FreshX! We're proud to support their innovative approach to revolutionizing cold-chain logistics. Congratulations to former OCA intern Lance Hackney, Clay Curran, and the entire team on closing their $2.7M pre-seed round. We're looking forward to seeing the impact FreshX will have on optimizing temperature-controlled logistics and making the process smoother for all involved.
We're thrilled to announce the closing of our $2.7M pre-seed round for FreshX! The complexity in cold-chain logistics is exploding, and manual processes are breaking down. Lance Hackney and I saw this firsthand when we launched a freight brokerage last year before shutting it down to build FreshX. FreshX brings cold-chain pricing and schedules online, to help freight brokers and food shippers optimize and manage temperature-controlled logistics. Through pricing and routing transparency, we're working towards our vision of "network-level optimization", where the right carriers are running the right routes and empty miles are eliminated. We're starting with the thorniest problem in cold-chain logistics: temp-controlled or "reefer" LTL. Today, managing reefer LTL is a laborious and slow process and many companies just book full, mostly empty tucks as a result. With our current platform live in beta testing, FreshX makes booking reefer LTL as smooth as buying an airplane ticket. Thanks to our many exceptional investors in the round, including Valor Equity Partners, Caruso Ventures, LongJump, OCA Ventures, Origin Ventures, Bob Chappuis, Clayton Stroner, Ronald Ramsey, Chad Eichelberger, and many others. Also thanks to our advisors Matt Silver and Lars Ward, as well as NVC professors Mark Tebbe and Steven Kaplan. And last but not least, thanks to the many carriers, brokers, and shippers that are working with us on our beta. We’re grateful to have such phenomenal partners helping us shape our platform every day.