Ofload

The company functions as a technology-driven B2B platform that connects shippers with a network of predominantly small-to-medium-sized carriers. Its core business is to digitize and manage the end-to-end freight process, from booking and planning to delivery and payment, thereby addressing the widespread issue of trucks running empty or remaining idle. Ofload serves a range of large shippers and prominent brands, including Asahi, Kimberly-Clark, Metcash, and Noumi, connecting them with its network of over 1,600 carriers. Revenue is generated by acting as the service provider and carrier for its clients, managing the logistics process through its platform.

A key feature of Ofload's service is its focus on sustainability and data analytics. The company has developed a Carbon Analytics Platform (CAP), an automated solution that enables businesses to measure, track, and report their carbon emissions from their supply chain activities. This platform, alongside its AI-enabled data aggregation tool, DataVerse, provides clients with visibility into their freight performance and helps them reduce waste and decarbonize their logistics operations. Ofload has undertaken several acquisitions to accelerate its national expansion, including CIA Logistics in 2022 and transport management company MF Freight in 2023. The company has successfully raised significant capital, with total funding reaching over $116 million through multiple rounds, including a recent $31 million financing deal that valued the company at $350 million.