The company raised $50 million of Series C venture funding in a deal led by IVP on March 20, 2018, putting the company's pre-money valuation at $450 million. Scale Venture Partners, GV and Index Ventures (UK) also participated in the round. The funding will be used to invest in product development, expand sales & support teams and enter new markets. Earlier, the company raised $18 million of Series B venture funding in a deal led by by Scale Venture Partners and Index Ventures (UK) on May 18, 2017, putting the company's pre-money valuation at $50 million. GV also participated in this round. The funding will be used to expand its services next year to connect drivers with loads of freight.