HaulHub Secures USD 30 Million in Series B Round of Financing

HaulHub Secures USD 30 Million in Series B Round of Financing

The company's signature cloud-based SaaS transportation solution has increased the capacity, efficiency, and transparency of material deliveries for producers, contractors, and carriers nationwide. The solution also has improved ways in which materials are delivered, capital assets are deployed, shifts are scheduled, inventory is managed, and crews are hired

FREMONT, CA: Boston-based heavy construction industry technology provider HaulHub Technologies raised USD 30 million in its Series B round of financing led by T. Rowe Price Associates, Inc., and Durable Capital Partners LP. The newly raised capital will be used by the company to expand the capabilities of its transportation management platform to accelerate the hiring of engineers and other resources. HaulHub Technologies provides a signature cloud-based SaaS transportation solution that aims to increase the capacity, efficiency, and transparency of material deliveries for producers, contractors, and carriers at thousands of job sites and plants nationwide.

“HaulHub Technologies has proven it has the industry knowledge, depth of team, and clear understanding of what is required to modernize the heavy construction industry in its approach to transportation management," said Joe Spinelli, founder, and CEO of HaulHub Technologies. "Now, we need to step on the gas and go even faster, helping our customers improve their workflows and scale their business."

The company's signature cloud-based SaaS transportation solution has increased the capacity, efficiency, and transparency of material deliveries for producers, contractors, and carriers nationwide. The solution also has improved ways in which materials are delivered, capital assets are deployed, shifts are scheduled, inventory is managed, and crews are hired. With a mission to help heavy construction companies run lean with technology, HaulHub is the performance platform for heavy construction. “The construction industry is at the tipping point of a digital transformation process that will revolutionize the way business is done,” said Henry Ellenbogen, CIO, Durable Capital Partners LP. “We believe HaulHub has the right team, technology, and market experience to create value for its customers, partners, and team and build a much larger business."

HaulHub powers transportation, digital, and electronic ticketing for producers, contractors, and carriers at thousands of job sites and plants nationwide. “HaulHub Technologies has tapped into a real and pervasive need in one of the largest and fastest-growing markets in the world," said Andrew Davis, Director of Private Investments of T. Rowe Price Associates, Inc. "The team has demonstrated its ability to succeed in the Engineering and Construction market that is just starting to leverage innovative technologies and services to reduce costs, improve efficiencies and streamline processes."

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