More funding for Lanehub

Lanehub – the Wisconsin-based company that is building an online “social network for transportation” – has announced that it recently raised another round of seed funding.

In a notice posted on its website on Thursday (26 April), Lanehub said: “We were able to connect with additional Angel Investors outside of Wisconsin, including investors on the east coast and even an international investor.

“We have a strong relationship with NEW Venture Foundry who took the lead again with this round.  This funding will allow us to expand our team and invest in new technology to support and grow our member companies.”

Lanehub describes its business as “freight lane matching and collaboration”: it brings together shippers and carriers and “automatically identifies and connects companies with complementary freight lanes to find efficiencies and save on shipping expenses”.

The company’s CEO and founder, Mark Hackl, was previously Transport Business Manager with Schreiber Foods.