San Francisco, CA — February 14, 2022
Parade, the leader in carrier access and the truckload capacity management platform software for freight brokers, creates an investor syndicate of the best and brightest minds in technology and freight to transform the industry with last week’s $12.7M Series A funding round. Parade brings together the best technologists and industry experts to improve how freight moves in America.
This strategic investor syndicate combines Silicon Valley with Freight Alley. The combination brings together the best of venture capital with freight industry heavyweights. Several Parade partners took a symbolic minority stake in the Series A round. Parade envisions strategic partners will continue to invest to accelerate the venture’s success. Parade is building a consortium of the best minds and companies in freight to drive industry change.
“Parade brings this extraordinary group together because truckload capacity management is a neutral platform that collaborates with all industry players driving industry-wide change,” said Anthony Sutardja, CEO at Parade. “These leading supply chain practitioners enable us to understand better where the freight market is headed and build that into the solutions we provide for Parade customers.”
Parade has brought together companies with leading experts from across the logistics market: Rite-Hite Corporation, Jones Capital, Redwood Logistics, BAMFi, and DAT Freight & Analytics. They’re joined by leading individual freight experts: Jason Duboe (Chief Growth Officer, project44), Shannon Hart (former VP Product, MercuryGate), Eric Rempel (CIO, Redwood), Tom Caughlin (President, Jones Capital), and Jett McCandless (CEO, project44).
“Parade has transformed the business operations of so many freight brokerages – including our own – and we’re excited to be investing in Parade,” said Tom Caughlin, President, and Chief Investment Officer at Jones Capital. “We’re also excited that this consortium brings together leaders from across logistics and that this will enable every freight brokerage to benefit from capacity management.”
“We invested in Parade because we believe that capacity management will transform the freight industry,” said Eric Rempel, Chief Innovation Officer at Redwood Logistics. “Delivering on the full potential of capacity management is going to require the participation of brokers, carriers, and their technology partners. This group of investors is setting up Parade’s customers to have access to these both today and in the future.”