B
Baton
A technology platform that eliminates detention and dwell for truck drivers
About Baton
Baton.io is a logistics startup focused on revolutionizing the freight industry by eliminating detention time, which is the period drivers spend waiting to load or unload their cargo. This wasted time translates to significant revenue losses and dissatisfaction among drivers. Baton addresses this issue by establishing trailer pools at strategically located drop zones, currently operational in Los Angeles, with plans to expand to Atlanta, Chicago, and Dallas.
The company serves freight carriers, shippers, brokers, and end customers, aiming to streamline their operations and enhance efficiency. By using Baton's 24/7 drop yards, drivers can quickly drop off and pick up trailers, reducing their time in the city to just 15 minutes. This not only boosts driver productivity but also ensures timely deliveries, with Baton boasting a 98.2% on-time performance rate.
Baton operates in the logistics and transportation market, a sector critical to the supply chain and overall economy. The business model is based on providing a service that minimizes detention time, thereby saving money for all parties involved. Baton makes money by charging fees for the use of its drop yards and trailer pools, offering a cost-effective solution compared to the losses incurred from detention.
In summary, Baton.io is a logistics service provider that enhances efficiency in freight transportation by eliminating detention time through strategically located drop zones. This innovation benefits carriers, shippers, brokers, and end customers by saving time and money, and improving driver satisfaction.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Sep 2022 | $0 | — | Ryder | ↗ |
| SERIES A✓Equity / VC | Mar 2021 | $11M | $50M | Prologis · Trace Haggard · 8VC · Lineage | ↗ |
Growth signals
Latest recorded traffic for Baton is 18K monthly website visits, up 63.6% over the last three months. Baton's team grew 39.2% over the past year.
Open positions
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
8VC
Prologis
Series A8 investors entered at this stage
Maersk- THTrace Haggard
Lineage
Maersk Growth
Ryder
Jett McCandless
Shoaib Makani
Cooley
Other known investors2 additional known investors
Mana Ventures
Plug and Play
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Baton on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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