CloudTrucks - About the company
CloudTrucks is a series B company based in San Francisco (United States), founded in 2019 by Tobenna Arodiogbu and Jin Shieh. It operates as a Provider of web-based payment management solutions for the transportation industry. CloudTrucks has raised $142M in funding from investors like Tiger Global Management, Menlo Ventures and Caffeinated Capital, with a current valuation of $*****. The company has 261 active competitors, including 47 funded and 24 that have exited. Its top competitors include companies like Uber Freight, Convoy and Truckstop.com.
Company Details
Provider of web-based payment management solutions for the transportation industry. The company offers cloud-based revenue & administrative service management solutions for the trucking business. It includes instant payments, schedule optimizer, rate management, app-based load booking, dispatch & truck assistance, etc. The app is available on the Android & iOS platforms.
- Website
- www.cloudtrucks.com/
- Social
- Email ID
- *****@cloudtrucks.com
- Registered Address
- 3309 ELM ST SUITE 110-240, DALLAS, TX 75226
Key Metrics
Founded Year
2019
Location
San Francisco, United States
Stage
Series B
Total Funding
$142M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 30, 2021
Investors
Ranked
3rd among 261 active competitors
Employee Count
145 as on Aug 31, 2026
Similar Companies
Legal entities associated with CloudTrucks
CloudTrucks is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CLOUDTRUCKS, LLC CIN: 192535194 , United States, Active | Feb 25, 2022 | - | - | - |
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CloudTrucks's funding and investors
CloudTrucks has raised a total funding of $142M over 3 rounds. Its first funding round was on Jan 30, 2020. Its latest funding round was a Series B round on Nov 30, 2021 for $*****. 11 investors participated in its latest round. CloudTrucks has 11 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of CloudTrucks:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 30, 2021 | 3433238 | Series B | 4940961 | 8928999 | 4388304 | 1231689 |
Oct 26, 2020 | 7174236 | Series A | 9545463 | 4278654 | 7260563 | |
Jan 30, 2020 | 5072766 | Series A | 9567996 | 4910069 |
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CloudTrucks' founders and board of directors
Founder? Claim ProfileThe founders of CloudTrucks are Tobenna Arodiogbu and Jin Shieh. Tobenna Arodiogbu is the CEO of CloudTrucks.
Here are the details of CloudTrucks' key team members:
- Tobenna Arodiogbu: Co-Founder & CEO of CloudTrucks and founder of 1 other company. They are also an angel investor in 2 startups.Contact Info: 1 email address
- Jin Shieh: Co-Founder & CTO of CloudTrucks. Contact Info: 1 email address
View details of CloudTrucks's Founder profiles and Board Members
CloudTrucks' employee count trend
CloudTrucks has 145 employees as of Aug 26. Here is CloudTrucks's employee count trend over the years:
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CloudTrucks's Competitors and alternates
Top competitors of CloudTrucks include Uber Freight, Convoy and Truckstop.com. Here is the list of Top 10 competitors of CloudTrucks, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Uber Freight 2017, San Francisco (United States), Series B | Provider of end-to-end logistics and transportation management system solutions | $2.78B | 73/100 | |
2nd | Convoy 2015, Seattle (United States), Acquired | Digital freight network platform for the trucking industry | $828M | 70/100 | |
3rd |  CloudTrucks 2019, San Francisco (United States), Series B | Provider of web-based payment management solutions for the transportation industry | $142M | 72/100 | |
4th | Truckstop.com 1995, New Plymouth (United States), Acquired | Online load board integrated with freight management functionalities | - | 68/100 | |
5th | Trucker Path 2013, San Francisco (United States), Acquired | Freight marketplace and assistance app for truckers | $21.5M | 68/100 | |
6th |  RunBuggy 2016, Ontario (United States), Series B | Marketplace for car shippers and haulers | $71M | 67/100 | |
7th | Echo Global Logistics 2005, Chicago (United States), Acquired | Supply chain management serivces for enterprises | $17.3M | 67/100 | |
8th | uShip 2003, Austin (United States), Series D | Online marketplace connecting customers with carriers for large item transport | $54.4M | 67/100 | |
9th |  Loadsmart 2014, New York City (United States), Series D | Online marketplace for booking trucking services | $384M | 67/100 | |
10th |  Hwy Haul 2018, Santa Clara (United States), Series A | Online marketplace providing freight transportation services | $20.6M | 66/100 |
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CloudTrucks's Investments and acquisitions
CloudTrucks has made no investments or acquisitions yet.
Reports related to CloudTrucks
Here is the latest report on CloudTrucks's sector:
News related to CloudTrucks
Filter this listMedia has covered CloudTrucks for a total of 2 events in the last 1 year, 2 of them have been about company updates.
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CloudTrucks Expands Road to Independence Program with FleetFirst LeasingBusiness Wire•Sep 03, 2025•CloudTrucks, Fleet Equipment
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CloudTrucks launches new offerings, acquires Shipwell’s brokerageFreightWaves•Feb 21, 2024•CloudTrucks, Shipwell
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CloudTrucks’ New Trucking Business Management Solution - Starter - Now AvailableBusiness Wire•Mar 21, 2023•CloudTrucks
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CloudTrucks Rolls Out Slate of New Solutions for Truck Drivers Ahead of 2023Fleet News Daily•Jan 03, 2023•CloudTrucks
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CloudTrucks Launches CT Credit to Unlock Cash Flow for Owner-Operators and Small FleetsBusiness Wire•Jul 06, 2022•CloudTrucks
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CloudTrucks Raises $115 Million at $850 Million Valuation in Series B Funding Led by Tiger GlobalBusiness Wire•Nov 30, 2021•CloudTrucks, Tiger Global Management, Menlo Ventures, Kindred Ventures and 8 others
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CloudTrucks Secures $115M to 'Lower the Barrier of Entry' for DriversBenzinga•Nov 30, 2021•CloudTrucks, Tiger Global Management, Menlo Ventures, Caffeinated Capital and 5 others
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CloudTrucks Gets Funding; Launches Payment Card With VisaPYMNTS.com•Dec 16, 2020•CloudTrucks, Caffeinated Capital, Craft Ventures, Khosla Ventures and 4 others
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