AI-Powered Logistics Startup Alvys Secures $40M in Series B Funding

Exclusive: Trucker's Son Bucks Logistics Funding Decline with $40M Raise For Startup Alvys

Alvys, an AI-powered logistics software provider, has raised $40 million in Series B funding, the company tells Crunchbase News exclusively. RTP Global led the financing, which brings Alvys' total funding to date to $77 million, according to the company. Alpha Square Group joined existing backers Picus Capita, Titanium Ventures and Bonfire Ventures, among others, in participating in the round. The company declined to reveal its valuation, saying only that it was an up round. It most recently raised funding in July 2024, a $25.8 million Series A led by Titanium. The raise comes at a time when funding to logistics and supply chain management startups remains far below pandemic highs. As of Sept. 25, startups in the space have raised $5.7 billion across 469 deals in 2025, Crunchbase data shows. By comparison, in all of 2024, logistics and supply chain management startups raised less than $6 billion in 741 announced funding deals. Both years' numbers are a steep drop from the nearly $28 billion such startups raised in 2021 in a record-high 1,554 deals. Although 2021 was an aberration, funding numbers so far in 2025 are lower even than those of 2023, when $6.7 billion was raised across 965 deals. Making trucking more efficient Founded in 2020, Alvys hopes to buck the trend. The company describes itself as a "transportation management system" aimed at helping trucking companies operate more efficiently. Its platform does things like streamline dispatch, load management, tracking, driver management, billing and payroll. And by using AI and automation, Alvys claims it can help reduce manual work and help businesses make quicker decisions and thus move faster in general. Nick Darman, the company's founder and CEO, told Crunchbase News that historically, many freight companies run on separate sets of systems, which results in siloed data, duplicated work, slow workflows and limited visibility. The company's software "allows freight companies to transform multiple complex operations into one business that runs with clarity, while still keeping accounting clean and separate for each entity," he said. The end result for the company's 1,000-plus customers, Darman claims, is increased revenue, monthly loads and efficiency gains from faster accounting and reduced data entry. For its part, Alvys has tripled its revenue in each of the past two years and is on track to double it again in 2025, according to Darman. Personal experience Darman's journey to start Alvys began with his personal experience seeing his father's struggle -- including financially -- as a truck driver. After conducting research about freight sourcing, Darman founded a trucking company to supply his dad with loads. He also got a degree in economics and worked a brief stint in finance at JPMorgan. But in 2014, Darman decided to start an asset-based brokerage. By 2020, he had determined that he wanted to start a company to help address the inefficiencies plaguing the operating systems for freight companies. Thus, Alvys was born. In 2021, he invited Leo Gorodinski, former VP of engineering at Jet.com, to help him build Alvys. Julius Schwerin, partner at RTP Global, told Crunchbase News via email that the firm has repeatedly backed Alvys because the startup "marries a best-in-class TMS with the ambition to become logistics' operating system. "What makes Alvys unique today is the combination of workflow depth and usability with 100+ integrations, built-in compliance, and real-time visibility, all wrapped in a modern interface that dispatchers and drivers actually enjoy using," he added.

Alvys gets $40M in funding to reinvent transportation management with AI automation - SiliconANGLE

Alvys gets $40M in funding to reinvent transportation management with AI automation Startup Alvys Inc., which has built an artificial intelligence-based transportation management system for orchestrating freight operations, has boosted its war chest with a $40 million Series B round of funding. Today's round was led by RTP Global and saw participation from Alpha Square Group, as well as existing backers like Titanium Ventures, Picus Capital and Bonfire Ventures. It follows the company's $20.5 million Series A round back in July 2024, and brings its total amount raised to date to $77 million. Alvys has built a cloud-based platform that acts like an "operating system" for supply chain operations, with hundreds of third-party software integrations that allow companies to aggregate all of their logistics data into a single portal. By consolidating enterprise-wide logistics and supply chain data in this way, companies can make more informed decisions, the startup says. Among other things, Alvys provides tools for dispatch and load management, data analytics and reporting, an international fuel tax agreement calculator, an electronic data interchange tool that allows companies to exchange business documents in a standardized format, and a comprehensive system for tracking and tracing shipments across the planet. Other features include accounting tools and a search portal for businesses to locate and connect with available freight transportation services in any country, and a mobile application for truck drivers, through which they can update the status of their deliveries. Add to that, Alvys claims more than 100 integrations with third-party software systems such as Samsara, RMIS, DAT, Motive, RTS, Geotab and QuickBooks. Alvys says its platform and integrations combine to provide a 360-degree view of logistics and trucking operations, enabling companies to organize freight quotes, truck driver payments, streamline dispatch, carrier onboarding, billing, compliance, reporting and more. When using Alvys' platform, customers see enormous efficiency gains, with an average 28% increase in monthly loads, a 9% revenue increase, 90% faster accounting times and an 80% decrease in time spent on manual data entry, the company says. Alvys founder and Chief Executive Nick Darman (pictured) said his goal is to build the most strategic logistics and supply chain platform for enterprises that can't afford to waste time. "That means using AI, automation and integrations to remove wasted steps, give teams smarter decision-making in real time, and helping carriers and brokers grow their operation and profit margins without adding overheads," he said. Darman declined to talk about customers, but insisted that the rapid follow-on funding round reflects growing interest in the need for a more intelligent and comprehensive transportation management system. The funding will be used to create further functionality for larger carriers via more application programming interface-based integrations, refined analytics tools and enhanced compliance features. The goal is to speed up logistics operations further, with accelerated onboarding and more automation. RTP Global Partner Julius Schwerin said he's investing in Alvys because of its ambition to become the operating system for enterprise logistics. He thinks it can achieve that goal, because it has the "best-in-class" transportation management system around. "Alvys rewires how loads are sourced, dispatched and reconciled, and with 120-plus integrations, native EDI and built-in routing, freight companies move more loads with fewer tabs," he said.