LogShare raises $2.4M seed round

Brazilian Logistics SaaS platform LogShare raised $2.4M in a seed round led by ONEVC. Seedstars International Ventures, FJ Labs, Oxygea, Valutia, Silence, Rally Cap, Niu Ventures, and Kamay also participated in the round.

Logshare will use the funds to expand its product offerings, add new features to its platform, and enter new markets.

“In Latin America, 38% of trucks run empty. LogShare is revolutionizing freight transport by addressing this issue with a collaborative approach. We promote the sharing of logistics assets, connecting companies with opportunities to effectively utilize their idle resources,” said Pedro Prado, LogShare’s CEO and Co-founder.

LogShare is a SaaS platform that enhances logistics operations by aggregating route data to promote collaboration and utilize idle capacity in their freight networks. It focuses on the long-haul segment, which accounts for 55% of this market.

Founded in 2022, LogShare has a portfolio of 15 key corporate accounts, including Unilever, PepsiCo, Coca-Cola, Mondelez, BRF, and Leroy Merlin. The Brazilian road freight market is expanding, with total spending reaching $42 billion in 2020.