• DATVF.ATLPHL
    1.854
    0.021
    1.1%
  • DATVF.CHIATL
    1.953
    0.079
    4.2%
  • DATVF.DALLAX
    1.359
    0.030
    2.3%
  • DATVF.LAXDAL
    1.313
    0.007
    0.5%
  • DATVF.SEALAX
    1.022
    0.071
    7.5%
  • DATVF.PHLCHI
    1.111
    0.032
    3%
  • DATVF.LAXSEA
    2.152
    0.030
    1.4%
  • DATVF.VEU
    1.640
    0.045
    2.8%
  • DATVF.VNU
    1.521
    0.038
    2.6%
  • DATVF.VSU
    1.336
    0.019
    1.4%
  • DATVF.VWU
    1.587
    0.051
    3.3%
  • ITVI.USA
    9,744.810
    -280.970
    -2.8%
  • OTRI.USA
    8.910
    -1.620
    -15.4%
  • OTVI.USA
    9,761.370
    -267.420
    -2.7%
  • TLT.USA
    2.710
    -0.010
    -0.4%
  • WAIT.USA
    151.000
    -8.000
    -5%
  • DATVF.ATLPHL
    1.854
    0.021
    1.1%
  • DATVF.CHIATL
    1.953
    0.079
    4.2%
  • DATVF.DALLAX
    1.359
    0.030
    2.3%
  • DATVF.LAXDAL
    1.313
    0.007
    0.5%
  • DATVF.SEALAX
    1.022
    0.071
    7.5%
  • DATVF.PHLCHI
    1.111
    0.032
    3%
  • DATVF.LAXSEA
    2.152
    0.030
    1.4%
  • DATVF.VEU
    1.640
    0.045
    2.8%
  • DATVF.VNU
    1.521
    0.038
    2.6%
  • DATVF.VSU
    1.336
    0.019
    1.4%
  • DATVF.VWU
    1.587
    0.051
    3.3%
  • ITVI.USA
    9,744.810
    -280.970
    -2.8%
  • OTRI.USA
    8.910
    -1.620
    -15.4%
  • OTVI.USA
    9,761.370
    -267.420
    -2.7%
  • TLT.USA
    2.710
    -0.010
    -0.4%
  • WAIT.USA
    151.000
    -8.000
    -5%
FinanceNewsSupply ChainsTechnology

Freight tech investing hits $11.7 billion through third quarter, Pitchbook report says

It’s been another banner year for venture capital (VC) investment as investors sunk $11.7 billion in supply chain technology across 371 deals during the first three quarters of 2019, according to a report released by Pitchbook on Dec. 6.

In 2018, VC investors funneled a record $19.3 billion into freight technology services across 534 deals.

Summarizing the report’s key findings, Pitchbook analyst Asad Hussain said he sees continued disruption in the last-mile food delivery space as companies continue to bring thousands of small-scale restaurants into their delivery networks.

Through 3Q 2019, according to Hussain, investors have channeled approximately $5 billion into last-mile delivery companies.

An increasing number of autonomous vehicle startups are also moving into the industrial/logistics sectors, driving earlier adoption and revenue generation.

Here are a few other trends and takeaways from the report:

Deal size, valuations grow:

Over the past five years, the median late-stage pre-money valuation of supply chain technology startup deals has risen by a CAGR of 40%. The median valuations of angel and seed and early-stage deals rose by a CAGR of 5% and 19%, respectively. 

Late-stage valuations at record levels:

So far in 2019, the median late-stage pre-money valuation has risen to $250 million, up 64% compared to last year.

Deal count declined:

Despite pouring an impressive $11.7 billion into freight tech companies in 2019, investors are not poised to beat the 2018 record number of deals. Deal count through 3Q 2019 is down 7% compared to last year. 

The value of those deals, however, is about the same as it was during the same period in 2018.

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Linda Baker, Staff Writer

Linda Baker is a FreightWaves staff reporter based in Portland, Oregon. Her beat includes mobility, emissions regulations and autonomous trucking. Please send tips and story ideas to lbaker@freightwaves.com.
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