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OnTruck
Freight truck logistics
- 21-100 employees
- B2B
- Logistics
- Freight
- Supply Chain
- SaaS
- Palos de la Frontera, Madrid, Spain
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Company mission
OnTruck's mission is to revolutionise the road freight industry
-40% employee growth in 12 months
Our take
As the logistics sector intertwines more heavily with technology, data has become available which can provide insight and drive business decisions. OnTruck is a Madrid-based digital freight forwarding platform on a mission for sustainability.
The company combines technology, user experience and a powerful transport network to create the most efficient and sustainable transport service. The startup optimises the capacity of road shipments, by using data algorithms to predict optimum demand and to route shipments to maximize carrier utilisation. All while being conscious of its environmental impact. The startup claims it has prevented 728,000 kg of C02 emissions from entering the atmosphere. This is as a result of cutting down the journeys of vehicles without cargo.
OnTruck has partnered with European companies such as Auchan, Pepsico, P&G, Codorniu, GBFoods and Decathlon. The company aims to further fuel its international development and has already expanded in Europe.
Steph
Company Specialist at Welcome to the Jungle
Company values
- We are humble: We value different perspectives, as we find joy in learning and growing. We are always learning through our colleagues, customers, and even our own competitors
- We focus on customers: Companies and carriers are the prime focus of what we do. We are personally committed to respond to their requests, desires, and expectations
- We are bold: We believe innovation can only take place by having a creative mindset and by not being afraid of taking risks. Sometimes it’s good to make mistakes, learn from them, and keep carrying on
- We grow and drive together: All employees at Ontruck share objectives which we aim to achieve together. We share a global vision and always act as a team
- We deliver: Our managers know how to successfully delegate responsibilities according to the individual strengths of each professional aboard and help maintain an agile workflow in which we prioritise common goals
- We are honest and respectful: We don’t take shortcuts that would potentially compromise our company’s values, and we look after the wellbeing of our shippers, carriers, customers, and co-workers with sincerity and understanding
Funding (last 2 of 4 rounds)
Jun 2020
$17.9m
LATE VC
May 2018
$26.4m
SERIES B
Total funding: $55.4m
This company has top investors
Leadership
Samuel Fuentes
(CTO)Over 10 years of experience leading engineering at technology-driven companies, such as Delivery Hero (IPO in 2017) and ValkFleet, a last-mile logistics company. Holds a master’s degree in Electrical Engineering from the Universidad Politécnica de Madrid and wrote Master Thesis at RWTH Aachen University in Germany.
Íñigo Juantegui
(CEO)Previous experience founding La Nevera Roja, a food delivery business, and Urban Ninja, a last-mile logistics company. Both companies were acquired by Rocket Internet in 2015. Began career as a strategy consultant at PricewaterhouseCoopers. Holds a bachelor's degree in Business Administration from the CUNEF (Colegio Universitario de Estudios Financieros).
Javier Escribano
(General Manager Spain & CPO)Prior to Ontruck, founded an award-winning mobile travel application, TouristEye, which had over one million users before being sold to Lonely Planet in 2013. Holds a master’s degree in Management & Innovation from the Illinois Institute of Technology and a bachelor’s degree in Telecommunication Engineering and Computer Science from the Universidad Politécnica de Madrid.