led the financing, which brings Alvys’ total funding to date to $77 million, according to the company. joined existing backers , and , 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, 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 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.

, 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 .

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 , former VP of engineering at , to help him build Alvys.

, 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.

Related Crunchbase query:

Related Reading:

• Broken Down? Supply Chain And Logistics Funding Diminishes

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In early 2020, I found myself on a call at 3 a.m. with a supplier in a completely different time zone, trying to track down a shipment of face masks that had seemingly disappeared. It wasn’t glamorous — but it was real. That moment sticks with me, not just because of the stress, but because it marked a turning point in how I thought about our supply chain.

At , our products aren’t just boxes on a pallet — they’re pain relief, recovery and better days for our customers. That’s why supply chain volatility doesn’t just hit our margins; it hits our mission.

Here are a few lessons we’ve learned that I hope can help other founders weather the storm and stay focused on delivering real value — even when the world gets messy.

Over-communicate, early and often

It sounds basic, but clear and frequent communication has saved us time and time again. Whether it’s a supplier halfway across the globe or a freight partner dealing with customs delays, we’ve learned that silence is dangerous.

We’ve made it a priority to create a communication culture that’s proactive, not reactive. We check in regularly with partners, share demand forecasts and raise red flags early. And we’ve extended that same mindset to our customers — because when people know what’s going on, they’re more willing to stick with you through the bumps.

Diversify like your business depends on it — because it does

Early on, we were too reliant on a single supplier for a key product line. When it hit a manufacturing delay, we were stuck. That experience pushed us to build redundancy into our supply network. It took time and wasn’t always cost-efficient upfront, but when other partners faced their own setbacks, we were able to shift production without missing a beat.

Now, we see diversification not as a luxury, but as a form of business insurance.

Inventory isn’t a dirty word anymore

Like many businesses, we used to follow a just-in-time inventory model. Lean, efficient, minimal waste. But after a few close calls — and one particularly painful out-of-stock stretch — we shifted our thinking.

Now, we hold more strategic inventory on our most popular products — even while serving 1 million direct consumers and over 12,000 retail stores. It’s not always the leanest approach, but it’s helped us protect customer experience and avoid costly stockouts. In today’s climate, a few extra weeks of inventory can mean the difference between happy customers and lost trust.

Stay agile with data and gut instinct

We use data every day — demand forecasting, lead time analysis, shipping trends — but I also believe in the value of gut instinct. Experience matters. Sometimes the signals don’t show up in the spreadsheet right away, but your team knows something’s off. I’ve learned to listen to that.

One of the most valuable things I’ve done as a leader is encourage the team to speak up when something doesn’t feel right — even if they can’t yet prove it. That kind of agility and trust in your people can give you a critical head start when things are shifting under your feet.

Final thoughts

We may not be able to control the global trade climate, but we can control how we respond. For us at Copper Compression, the answer has been to build stronger relationships, invest in flexibility, and never lose sight of the customer.

The road has been bumpy, and it’s not likely to smooth out soon — but that’s OK. Disruption, if you embrace it, can make you better. It has for us.

is the president of , a company helping people manage pain and recover faster through innovative compression gear.

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Despite this downturn, the possibility of another global crisis could potentially reignite interest and investment in the sector.

Last year, logistics and supply chain management startups raised less than $6 billion in 741 announced funding deals, Crunchbase shows. Those 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, last year’s funding numbers were even lower than those of 2023, when $6.7 billion was raised across 965 deals.

Trending down

The stark downward numbers contrast with the industry’s previous years of steady venture investment growth, which surged even higher during the pandemic. Supply chain disruptions and logistical challenges during that time led investors to invest heavily in new technologies, hoping for improved visibility and insights to manage global supply chains more effectively.

However, as the pandemic subsided and stability returned to the supply chain space, supply chain management startups —��much like work-from-home tech and food delivery platforms — have seen a significant pullback from investors.

Last year, the logistics and supply chain management space saw fewer than a dozen deals of $100 million or more. Some of the larger deals involving U.S.-based, VC-backed startups in the supply chain management and logistics included:

• In January, logistics giant raised $260 million from partner and e-commerce titan after burning through hundreds of millions of dollars last year, . The San Francisco-based startup hit a peak valuation of $8 billion three years ago after raising a massive $935 million round.
• In August, , a supply chain management startup, locked up a $200 million Series C investment led by the that values the company at $1 billion. The New York-based startup’s supply chain management platform gives customers deep insights and visibility into managing their global value chains — from the sourcing of raw materials to production to sale. Its platform uses AI to analyze data points through the supply chain to spot anomalies and risks.
• Privately held moving and storage firm locked up a $180 million deal from global investment firm in May. The deal also included a new debt facility led by . Zippy provides an alternative to traditional storage and moving options by delivering containers to a customer’s location, which are then moved to a storage site or destination for unloading.

History being repeated?

However, just as the pandemic rapidly accelerated the industry, another global event could again drive more venture investment to the logistics space as companies seek greater visibility and insights to manage their global supply chains.

Startup investors may reconsider the space they left two years ago as new global trade issues loom, including substantial new import tariffs imposed by the U.S. and geopolitical tensions around the world.

U.S. President said he plans to implement a 25% additional tariff on imports from Canada and Mexico, and an additional 10% tariff on imports from China — with whom the U.S. already has a rocky relationship. In addition, the fighting in Ukraine and the Middle East have heightened the possibility of disruptions to the globe’s energy and mineral supply chains.

That leaves open the very real possibility of many looking to new tech — likely aided by artificial intelligence — to navigate both physical travel issues and a variety of complex compliance matters.

Amid that uncertainty, many businesses look to technology and digital solutions to help. The logistics and supply chain space space may be no different, aiding companies to quickly adjust sourcing methods, revise inventory and even reroute shipments.

While venture capital investment has bounced back in many industries since the slight pullback witnessed in 2022 and 2023, logistics and supply chain management remain an exception. We’ll see for how long.

Related Crunchbase Pro list:

Related reading:

• Flexport Raising $260M From Shopify — Report
• Supply Chain Startup Altana Hits Unicorn Status, Raises $200M

Shopify announced on Thursday it will sell its shipping and fulfillment department to Flexport, laying off 20% of its staff in the process.

The move would allow Flexport, which partners with Shopify, to advertise the last-mile delivery services Amazon is known for. Shopify’s e-commerce customers will have access to the full range of Flexport’s freight services that can ship internationally as well as domestic home delivery.��

The announcement is another example of how tech’s attempt to latch onto e-commerce during the pandemic was a huge swing and a miss.

The broken promises of e-commerce

During the pandemic, tech companies thought they could tap into a brand-new, long-lasting consumer behavior that was ripe for disruption. That hasn’t been the case.

Funding to logistics startups — from everything to delivery to freight — dipped dramatically in 2022. You could blame, in part, the economic downturn that hurt every corner of the private market, but 2022 saw about half the money the logistics sector garnered the year prior, in part due to changing consumer behaviors.

Shopify spent years cultivating its in-house logistics firm, which included the $2.1 billion acquisition of last-mile delivery startup last year. At the time, it seemed like a smart move — the pandemic accelerated e-commerce and delivery needs as people warmed up to having their groceries and home goods delivered to their door. Like working from home, the tech industry thought that level of online shopping activity would stick, and quickly hired warehouse workers and customer service representatives, and built new fulfillment centers.

Well, it didn’t stick, and what followed was a slew of layoffs and mea culpas. During a call with around 11,000 workers laid off back in November, said his investment in e-commerce . Shopify, which previously laid off 1,000 employees (10% of its staff) in November, said layoffs were driven by consumers . Amazon and laid off hundreds of warehouse employees in the process. for online furniture retailer , which reportedly laid off around 2,600 people in the span of four months, according to the Crunchbase Layoffs Tracker.��

For what it’s worth, this is a big win for Flexport, which bills itself as a one-stop logistics platform for businesses to organize delivery across multiple in-person and online retailers — something Amazon hasn’t been able to promise. Yet.��

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The company, which was founded in 2012, provides risk performance insights in the world of logistics. It works with the various touchpoints of the supply chain system such as shipping, weather and freight routes to improve efficiency and mitigate climate issues.��

Using predictive analytics, Everstream says it tries to help companies make game-time decisions on how to reroute its supply chains to lower its carbon footprint and operational costs while delivering goods faster.��

The California-based startup says it has helped companies achieve a maximum 30% reduction in revenue losses and 70% less time invested in managing risks.��

Logistics are losing love

Logistics were largely neglected in the venture world until the pandemic.

The rise in e-commerce habits jammed supply chains during the first two years of the pandemic, forcing investors to pay attention to new opportunities that could leverage existing technologies — the cloud, predictive analytics and AI — to improve the space. Logistics saw a flood of funding in 2021, with over $21 billion invested into the space, according to Crunchbase data.��

Then funding to logistics startups fell again in 2022 with around $11 billion invested, a 48% drop year over year.��

, another logistics startup, raised $80 million in November. But it’s one of the rare raises in the space as the sector sees new entrants.��

Compliance is becoming an increasingly sticky issue in the world of logistics. Various countries have supply chain regulations that tax or ban companies that use logistics services involved in forced labor (like the ). The European Union also expects any imports or exports to meet its carbon reporting requirements under the Corporate Sustainability Reporting Directive. ��

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While last year shattered records in venture capital, 2022 started off slow and only declined from there. Large, late-stage rounds were most affected as venture capital started to pull back. However, 10 companies in the U.S. were still able to break the $1 billion barrier in individual raises this year.��

As we close out the year, let’s take a look at the top rounds of 2022:

1. , $2B, gaming: The metaverse is going to be epic — at least that is what both and — the family-owned holding and investment company behind — are betting on. Both invested $1 billion in�� North Carolina-based Epic Games, valuing the gaming giant at $31.5 billion. The deal came just a week after Epic a partnership with LEGO to develop a “family-friendly” metaverse for kids. The company said the new cash will “advance the company’s vision to build the metaverse.” Founded in 1991, the Fortnite creator has raised more than $7 billion to date, according to Crunchbase data.

2. , $1.7B, space travel: was everywhere this year — including here. Along with the seemingly never-ending purchase, his SpaceX company made headlines after it raised $1.68 billion in June. It was reported that the raise values the Hawthorne, California-based company at around $125 billion. SpaceX raised $1.9 billion in funding in April 2020 and has , according to Crunchbase data. Previous investors in the company include , , and the , among others.

2. (tied) , $1.7B, logistics: Logistics were big this year with the supply chain still supremely mucked up. Novi, Michigan-based Lineage Logistics rode that interest to a huge $1.7 billion private equity round led by in January. The past couple of years exposed many flaws in the global and domestic supply chains — and investors have taken note that it is an industry ripe for disruption. Other startups such as Seattle-based and San Francisco-based also landed large rounds in 2022.

4. (tied) , $1.5B, defense: Costa Mesa, California-based Anduril locked up a Series E worth nearly $1.5 billion in December that valued the company at $8.5 billion. That nearly doubles the company’s previous valuation in June 2021. The funding round was led by . Anduril was founded in 2017 by , most famous for selling virtual reality company to — then called Facebook — for $2 billion. Anduril builds software and hardware enhanced with artificial intelligence and machine learning for the military and defense industry. It works with the U.S. and its allies to create drones, underwater vehicles, and different operating and control systems. Luckey has he started Anduril because many big tech firms were turning their backs on doing business with the , hurting the U.S. military’s ability to modernize as defense needs change.

4. (tied) , $1.5B, retail: Jacksonville, Florida-based Fanatics raised $1.5 billion in a funding round that values the sports platform company at $27 billion. The company — which has exclusive licensing deals with most U.S.-based professional sports leagues and many universities to make and sell official team merchandise — was , less than a year ago. The latest funding round includes new investors , and , as well as existing investors. Earlier this year, Fanatics trading cards for $500 million.

6. , $1.35B, autonomous cars: This was a strange one. In February, Cruise announced that would invest $1.35 billion now that Cruise was operating fully driverless cars. The thing is — SoftBank reneged. That would be the first sign of SoftBank’s growing problems and poor investment strategy. SoftBank had made the commitment to invest when the company hit the milestone back in 2018 with its initial funding of $900 million. After SoftBank backed out, however, acquired SoftBank’s equity ownership stake in Cruise for $2.1 billion and made the startup whole on the round.

7. , $1.15B, financial services: Miami-based market-maker Citadel Securities locked up a $1.15 billion minority investment led by . The company provides both institutional and retail investors with liquidity to execute transactions across an array of equity and fixed income products. Citadel Securities works in more than 50 countries, supporting more than 1,600 clients.

8. (tied), $1B, electric vehicles: San Francisco-based charging startup TeraWatt Infrastructure landed a huge Series A of more than $1 billion back in September. Launched out of stealth in May 2021, TeraWatt Infrastructure has built out a network of charging stations. The company acquires property in “strategically relevant” locations and helps customers operate EV fleets without the need to own and operate their own infrastructure. The new funding comes from funds managed by and existing investors and , and will be used for further development and expansion, including the buildout of a growing portfolio of charging centers. The round is the largest raised by a VC-backed startup in the electric vehicle segment this year, according to Crunchbase data. The company says it previously raised a $100 million seed round.

8. (tied) , $1B, cybersecurity: No cybersecurity company raised a round larger than this Lone Star State cyber company. The $1 billion-plus round was led by , and is cybersecurity’s largest raise since San Jose, California-based cloud security provider closed a $1.3 billion round in November 2021. That was cybersecurity’s only round worth $1 billion or more last year. Addison, Texas-based Securonix offers security information and event management, and extended detection and response capabilities to companies. While we covered the heat the XDR sector has seen here, it is also interesting to add a note about the SIEM space. Earlier this year, news broke that had looked at buying in what would be the giant’s largest acquisition ever. While Splunk does a lot of things, many looked at the deal as a way for Cisco to enhance its IT security with Splunk’s SIEM platform and ability to use data to improve security.

8. (tied) , $1B, health care: and its parent, , have been active health care investors — especially recently. That trend has continued as Alphabet led a $1 billion investment in its former life sciences unit, Verily. Alphabet spun out what would become Verily as its own independent subsidiary in 2015. The South San Francisco-based firm — which introduced a COVID-19 testing program in 2020 — has now raised more than $3.5 billion in capital, according to Crunchbase.

Big global deals

While U.S.-based startups were able to weather the chilly conditions and raise large rounds, three of the five biggest global rounds were raised by companies outside the U.S.

• Denmark-based energy trading house raised a $3.7 billion corporate round.
• China-based , which has five different EVs in the market, raised a Series A worth approximately $2.5 billion.
• , a joint venture operation in India between Viacom, raised a $1.8 billion venture round.

Methodology

We tracked the largest rounds in the Crunchbase database that were raised by U.S.-based companies for the year. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late.

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With layoffs, massive funding pullbacks and an overall sense of doom clouding the economy, we naturally saw attention drawn to our coverage of those issues. Readers want to be prepared and understandably gravitated toward our reporting on why these unfortunate economic events are happening.

Layoffs specifically drew interest from readers, namely our updated tracker of tech companies that cut workers in a given week. This year we also launched The Crunchbase ������Ƶ, where we list the most valuable private companies in the world, and our Emerging ������Ƶ of up-and-coming unicorns.

1. Weekly tech layoffs: Earlier this year we noticed the uptick and then steady pace of tech companies laying off workers. Hence, we began tracking those numbers — seeking tips from readers and also watching for the latest layoff news. As of mid-December, 90,000 workers in the U.S. tech sector have been laid off in mass job cuts so far in 2022. Companies large and small made unfortunate debuts on this list, which we will continue to update throughout 2023.

2. The Crunchbase ������Ƶ: Earlier this year, we launched our curated list of private unicorn companies with post-money valuations of $1 billion or more. New companies are added to the board as they reach the $1 billion valuation mark as part of a funding round. Data for companies already on the leaderboard is updated when there is a new funding round announced.

3. Layoff analysis: Consistently throughout the year, we have paused to reflect on what our layoff tracker told us. These analyses (including this one written by reporter Chris Metinko in May and others written later in the year by Sophia Kunthara and Keerthi Vendatam) provided thoughtful insight on the road ahead.

4. Emerging ������Ƶ: ��In addition to the ������Ƶ, we also launched the Crunchbase Emerging ������Ƶ this year to track global private companies on the path to achieving unicorn status. Powered by Crunchbase’s comprehensive data, this list is updated as companies reach a valuation of $500 million or more but less than $1 billion and consistently drew readers this year.

5. VCs spent billions on scooters, with little to show for it: Five years ago, the scooters came. These nimble little vehicles offered riders a quick trip to work or a quick trip to the ER, depending on who you asked. Scooter mania spread worldwide, fueled by more than $5 billion in total funding. Since then, many scooter stocks have been tossed aside with just a penny stock. We wrote about the industry and readers took an interest in what we had to say.

6. The VC reset: Senior Data Editor Gené Teare has done a stellar job this year providing monthly recaps of funding at every stage. This report from May held particular appeal for readers as it illustrated that while late-stage and technology-growth investing have been most severely impacted, seed funding remains surprisingly robust (at the time, anyway). Times have certainly changed since then.

7. Global VC pullback dramatic in Q3: With our recap of Q3 data, we could definitively say that the big global venture capital pullback we were all expecting had arrived. Venture and growth investors in private companies scaled back their investment pace significantly as the slump in the public markets stretched into the third quarter.

8. Self-driving truck upstart Embark: From $5B+ to basically worthless: San Francisco-headquartered Embark, which develops autonomous driving technology for the trucking industry, has presided over a roughly 98% share price decline since going public a year ago. In the process, it’s wiped out close to $5 billion in market capitalization. Contributing reporter Joanna Glasner dove into the company’s numbers and her insights struck a chord with readers.

9. VCs embrace a new type of dating app: Nothing better than a startup dating story in February. We wrote about a fresh crop of dating startups getting venture funding to help people find connections in new mediums.

10. Y Combinator warns of economic downturn: In May, accelerator warned the good times may be coming to an end for startups and the venture market. “No one can predict how bad the economy will get, but things don’t look good,” the letter said. The warning came shortly after announced it would become much more selective in investments after posting a loss of $27.7 billion on investments in its Vision Fund for its just-ended fiscal year.

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Nash’s platform allows businesses to manage and track local same-day deliveries (think things like small parcels, catering and meal kits). Nash pulls together delivery providers so businesses can pick the one that works best for them, and gives the businesses visibility to track an order from the beginning to delivery.

led the Series A, with participation from investors includingand , according to TechCrunch. Nash was founded in 2021 and is based in San Francisco.��

The Nash network

“The Nash platform is built for flexibility. As a business, you can use Nash to run on-demand, scheduled, or even multi-drop off routes,”�� and of Andreessen Horowitz wrote in a �� “If you already have a fleet in some or all of your markets, you can add these drivers to Nash. The platform will optimize between internal and third-party drivers, saving valuable ops team time.”

The funding comes as many businesses are competing with to offer same-day delivery to customers who have grown accustomed to getting their orders fast.��

The company raised a $125,000 pre-seed round led by Y Combinator in August 2021, according to Crunchbase. Nash also raised a previously unannounced $7.8 million seed round led by Andreessen Horowitz late last year, according to TechCrunch.��

Since then, Nash “has also become a critical part of the logistics infrastructure for many larger enterprise and consumer companies—even marketplaces,” Chen and Moore wrote in their blog post.

Nash’s network is available in all 50 U.S. states and Canada. The new round will be used to scale the company and support more small and medium-sized businesses and enterprise customers, according to Andreessen Horowitz.��

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