Toronto-based Class8, formerly FleetOps, has raised $30.8M in a Series A round led by U.S. investor Xplorer Capital, with participation from Commerce Ventures and returning backers Inspired Capital and Resolute Ventures. Canadian firms BCF Ventures and Panache Ventures also reinvested.
Founded in 2017 by Chris Atkinson, Class8 uses AI and truck-integrated electronic logging devices (ELDs) to match drivers with shipments and streamline freight operations. The platform currently processes data from 227,000 trucks. Class8 distinguishes itself with features like automated load planning and real-time pricing, advancing its position in the competitive trucking technology market.
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