Bonfire Ventures

Assembly Line

Alvys Raises $6.3M to Provide an End-to-End Operating System for Logistics Companies

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Alvys, Bonfire Ventures

Alvys, an end-to-end operating system for middle mile logistics companies with a laser focus on carriers, today announced it has raised a $6.3M seed round led by Bonfire Ventures, with participation from RTP Global and strategic angel investors. This initial investment comes as the company’s customer base has more than doubled since January 2023 and revenue has grown 5x year over year, solidifying Alvys as a game-changer in the trucking industry. The funds will be used to strengthen Alvys’ product offerings and expand its talented team, enabling the company to further invest in key areas such as research and development, product enhancement, and customer support.

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