Insider Brief
- Alvys raised $40M in Series B funding led by RTP Global with participation from Alpha Square Group and others, bringing total funding to $77M to expand its AI-powered Transportation Management System (TMS).
- The company will use the funds to enhance automation, enterprise integrations, analytics, and compliance, helping carriers and brokers boost efficiency, scalability, and real-time decision-making.
- Customers using Alvys report 28% more monthly loads, 9% revenue growth, and 90% faster accounting, as the platform positions itself as the operating system for modern logistics.
PRESS RELEASE — Alvys, the modern Transportation Management System (TMS) utilizing AI and automation to transform freight operations, announced it has closed $40 million in Series B funding. The round was led by RTP Global, with participation from Alpha Square Group, and others, including existing investors Titanium Ventures, Picus Capital, and Bonfire Ventures. This brings the company’s total funding to date to $77M.
Building on its Series A funding secured just over a year ago, Alvys’ fast-follow Series B solidifies the company’s position in the market, reflecting a surge in customer engagement and the industry’s growing demand for an intelligent, AI-powered TMS. This latest funding will propel Alvys in its mission to streamline automation and integrations, offering substantial profit-driving solutions to carriers and brokers who seek efficient operations.
“Our goal is simple: keep building Alvys to be the most strategic solution for an industry where businesses, teams, and individuals can’t afford to waste time,” said Nick Darman, founder and CEO of Alvys. “We’re scaling enterprise-grade solutions with AI at the core. That means using AI, automation, and integrations to remove wasted steps, give teams smarter decision-making in real-time, and help carriers and brokers grow their operations and their profit margins without adding overhead. This funding helps us push toward that goal even faster.”
With the newly acquired funds, Alvys plans to intensify its efforts where they are most needed — delivering enhanced enterprise functionality for large carriers through advanced API integrations, refined analytics, and strengthened compliance features designed for scalability. For mid-market fleets transitioning from SMB to enterprise, the goal is speed; accelerated onboarding, increased automation, and rapid ROI realization. Universally, Alvys is committed to embedding AI into workflows to promote transparency and efficiency across all operational areas.
“We invested in Alvys because it combines a best-in-class TMS with the ambition to become logistics’ operating system,” said Julius Schwerin, Partner at RTP Global. “Alvys rewires how loads are sourced, dispatched, and reconciled. With 120+ integrations, native EDI, and built-in routing, freight companies move more loads with fewer tabs. That’s the blueprint we back.”
The impact of Alvys is evident, with customers achieving significant performance improvements, including a 28% increase in monthly loads, a 9% revenue boost, and impressive efficiency gains such as 90% faster accounting, 80% reduction in data entry, and savings of hours weekly in dispatch and administrative tasks.
In the realm of transportation, time is critical. Alvys remains committed to equipping every stakeholder in the freight industry with the necessary tools to stay aligned, succeed, and complete tasks efficiently — ensuring ROI is delivered in weeks, not years.
ABOUT ALVYS
Alvys is a modern, cloud-based transportation management system (TMS) built to help logistics companies escape outdated, unreliable systems. Founded in 2020, Alvys combines cutting-edge technology with reliability to make carriers, brokers, and shippers with private fleets run with ease. The platform streamlines dispatch, load management, tracking, driver management, billing, payroll, and more, while AI and automation reduce manual work and enable quick, informed decision-making. Alvys empowers logistics teams to operate efficiently and stay ahead in a competitive industry. The company is one of FreightWaves’ top 100, on Transport Topics’ top 100 list, and was recently named a 2024 Top Tech Startup by Supply & Demand Chain Executive. Learn more at www.alvys.com.
ABOUT RTP GLOBAL
RTP Global is an early-stage venture capital firm, backing the founders who use technology to reimagine how the world works. Since 2000, RTP Global has made over 150+ investments worldwide, with one in 10 becoming multi-billion dollar companies and one in 20 publicly trading at over $10bn. Notable investments include Datadog, DeliveryHero, Cred and SumUp. RTP Global has offices in New York, London, Paris, Dubai and Bangalore. For more information on RTP Global, visit www.rtp.vc.
Contacts
MEDIA CONTACT:
Kristen Grossi, talkTECH
Kristen@talktechcomm.com
