Turvo raises $25m for ‘collaborative logistics’ platform

Silicon Valley-based Turvo’s platform launched Tuesday, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.    Silicon Valley-Based Turvo has launched its new “collaborative logistics” platform, allowing shippers, brokers and carriers to work together in real-time across the entire supply chain.
   Turvo’s platform provides real-time visibility of shipments, Al-powered productivity tools, and secure collaboration, the company said.
   “While other solutions focus on more narrow aspects of logistics, such as on-demand trucking, freight forwarding, or track-and-trace of goods, Turvo spans the entire supply chain from orders and shipments to invoices and payments,” the company said.
   The two-year-old startup, which officially launched its platform today, also received $25 million in Series A financing, led by Activant Capital, with participation from existing investors Felicis Ventures, Upside Partnership, Slow Ventures and Tony Fadell.
   Additional investors include: Box co-founder and CEO Aaron Levie; Renew.com co-founder and Oscar Insurance co-founder Kevin Nazemi; and Bank of Baroda Chairman Ravi Venkatesan.
   Turvo is working with a variety of companies, including Oberto Brands, the nation’s leading all-natural jerky manufacturer; Le Metier De Beaute, a high-end cosmetics company; Anchor Brewing, America’s original craft brewery; and logistics providers like Service First Logistics.