HaulHub Bags $30 million to enhance delivery performance for producers and contractors, expanding the organizational transportation platform.
FREMONT, CA: HaulHub Technologies, a Boston technology firm that powers the heavy construction industry with mobile, state-of-the-art, and web-based solutions, has raised $30 million in Series B funding. Durable Capital Partners LP led this round of investment along with funds and accounts advised by T. Rowe Price Associates, Inc. The raised investment will be used for the expansion of the company's transportation management platform. The funds will also be used for accelerating the hiring of engineers and other resources necessary to bring innovation faster to its users.
"HaulHub Technologies has proven to have the industry knowledge, depth of team and clear understanding of what is required to modernize the heavy construction industry in its approach to transportation management," says Joe Spinelli, Founder, and CEO of HaulHub Technologies. "Now we need to step on and go even faster, helping our customers improve their workflows and scale their business." The company's signature cloud-based SaaS transportation solution has boosted the efficiency, capacity, and transparency of material deliveries for producers, contractors, and carriers globally. The solution has, in turn, enhanced the way materials are delivered, shifts are scheduled, capital assets are implemented, inventory is managed, and crews are hired.
HaulHub Technologies has drawn into a pervasive and real demand in one of the largest and fastest-growing businesses around the globe. The company has demonstrated its ability to succeed in the Engineering and Construction market by harnessing innovative technologies and services to reduce costs, improve efficiencies and streamline processes.
HaulHub develops a platform for heavy construction organizations, powering transportation, and digital ticketing for producers and contractors. The company aims to build technology for material hauling that optimizes the way material haulers, producers, and field crews collaborate. HaulHub Technologies delivers a suite of fully-integrated, cloud-based tools that maintains every aspect to enable a fully-integrated digital supply chain for heavy construction.