Ofload is a logistic startup based in Sydney. This startup secured $31 million to offer a carbon  emission tracking tool and platform. Geoffroy Henry founded Ofload to provide an online digital  platform focused on helping companies make their supply chain more efficient and affordable.  Offload’s carbon analytics platform tells how companies measure carbon emissions within their  supply chain. 

The platform was founded because Australian companies of all sizes are being asked to prepare for  federal regulation that will mandate emission reporting. The program was aimed at large companies,  however, small companies within the supply chain can also be affected. The startup confirmed that it  raised $31 million in the latest funding round to widen its business growth and enhance its Carbon  analytics platform. The round had participation from its existing investors including King River Capital and Jungle Ventures, and was led by Yarra Capital Management.  

This logistic startup previously raised $60 million in its series B round and $20 million in its series A  funding round. The new round makes ofload valuation increase by 200% at $350 million compared to  the last two years. The startup reported its revenue to be more than $25 million with around 120  employees. The startup has bought stakes in other companies including transport management  company MF Freight and CIA Logistics to increase its growth.  

The company uses cutting-edge data analytics technology to analyze or track a number of criteria  including freight distance, loading factor, vehicle type, and fuel consumption. The founder of Ofload,  Henry mentioned that the law will naturally affect small businesses in major supply chains. CAP was  made to reduce both the cost and complexity of compliance for small and big businesses. Some  companies including Noumi, Kimberly Clark, and Metcash already use the platform. 

Conclusion: 

The logistic startup, Ofload raised $31 million in a funding round led by Yarra Capital Management.  This startup raised the funds to offer a carbon emission tracking platform. Offload provides an online  digital platform focused on helping companies make their supply chain more efficient and affordable.  Offload’s carbon analytics platform tells how companies measure carbon emissions within their  supply chain. The platform was founded because Australian companies of all sizes are being asked to  prepare for federal regulation that will mandate emission reporting. The program was aimed at large  companies, however, small companies within the supply chain can also be affected.

The round had  participation from its existing investors including King River Capital and Jungle Ventures, and was led  by Yarra Capital Management. The startup confirmed that it raised $31 million in the latest funding  round to widen its business growth and enhance its Carbon analytics platform. The new round makes the ofload valuation increase by 200% at $350 million compared to the last two years. The startup  reported its revenue to be more than $25 million with around 120 employees. The platform uses  data analytic techniques to track a number of criteria including freight distance, loading factor,  vehicle type, and fuel consumption.