We are delighted to announce our lead investment in the $20.5 million Series A funding round for Alvys, with participation from RTP, Bonfire, and Picus Capital. Alvys is a trailblazer that is redefining the logistics and supply chain management sector with its next-generation ERP platform. This strategic investment underscores our commitment to fostering innovative solutions that address key challenges in critical industries.
According to the American Trucking Association, in April 2023, there were 750,000 trucking organizations in the U.S., transporting almost $1 trillion in goods annually. Despite this, the logistics sector, particularly at the carrier level, remains riddled with inefficiencies primarily due to reliance on antiquated systems — think paper and pencil for tracking truck capacities and routes. This fragmented approach results in significant operational hurdles, primarily affecting carriers who suffer from tighter margins and consequently, less investment in necessary technologies. Alvys was born out of this pain point.
Founded in 2020 by industry veterans Nick Darman and Leo Gorodinski, Alvys is the culmination of firsthand experience and technical expertise. Darman, who previously scaled his carrier/brokerage business Archerhub, to become a major carrier, using proprietary software, and Gorodinski, the former VP of Engineering at Jet.com, and Walmart.com, who led engineering teams that scaled logistics backend for these large retailers. Together, they aim to do for carriers what modern TMS solutions have done for brokers but with a focus on affordability and accessibility.
The core of Alvys’ offering is a unique ERP platform that enhances logistics management and improves the integrity of data flow across carriers, brokers, and shippers—crucial for timely decisions and operational efficiency.
Our investment in Alvys is a testament to our belief in building a logistics ecosystem that embodies efficiency, transparency, and inclusivity. Looking ahead, we are excited to support Alvys’ journey toward becoming a leader in freight management solutions. This is more than an investment in a company; it is an investment in the future of freight management.