Vector has received funding from UC-backed Congruent Ventures among others as it looks to enhance its software in supporting back office logistics functions.

US-based truck freight digitalisation platform developer Vector has obtained $10m in a series A round featuring Congruent Ventures, the $92m sustainability-focused fund backed by University of California, according to FreightWaves. The round was led by VC fund Goldcrest Capital and also included venture firm 8VC. Founded in 2014, Vector runs a software platform called LoadDocs that enables freight trucking operators to digitally manage records for consignments of goods, known within the trade as bills of lading. The software has been optimised for smartphones to facilitate document management in transit, and can be used to support data analytics and back office logistics functions in conjunction with third-party telematics or transportation management systems. Details of Vector’s funding from earlier rounds could not be ascertained. The series A proceeds will be used to fund further development of the software’s back office component.

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