Newtrul

The Chicago startup of Newtrul founded in 2018 proposes the solution which automates process of search of carriers for consignors and brokers. According to the statement of the company, brokers and consignors select previously carriers to which they want to transfer the loads, and the rest of process is automated. The platform does not levy a payment for integration, the publication or a monthly subscription fee - when armoring a load the fee for transaction is charged.

History

2021: Attraction of $2.25 million investments

At the beginning of February, 2021 the logistic marketplace of Newtrul from Chicago attracted $2.25 million within a sowing round. The round of financing headed Autotech Ventures fund, the I2BF Global Ventures fund of Ilya Golubovich (the son of the former chief financial officer of Yukos Alexey Golubovich) also took part in it.

Attraction of financial resources followed after the startup of Newtrul announced integration with two prime vendors of management systems for transport logistics (TMS) - McLeod and MercuryGate.

Founder of I2BF Global Ventures Ilya Golubovich

The involved investments, as expected, will help Newtrul to expand base of suppliers for support of the growing demand, along with expansion of functionality, the application programming interfaces (API) and integration of TMS.

Autotech Ventures - extremely interesting investor for us, - the CEO and the cofounder of Newtrul Ad noted Stockmann. We conducted negotiations with different venture to the companies, and many of them brought the capital, but Autotech brought deep experience in this area.

Ad worked out Stockmann 13 years in the field of freight transportation and logistics, including in Redwood Logistics and Transfix. In 2018 it based own startup for the solution of the main problems in this industry.

Newtrul represents new generation of the logistic marketplaces using essentially a different approach of "neutrality" in how it connects carriers with loads from different sources, - the managing director of Autotech Ventures Dan Hoffer told.[1]

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