Exclusive: Trucker’s Son Bucks Logistics Funding Decline with $40M Raise For Startup Alvys

Alvys, an AI-powered logistics software provider, has raised $40 million in Series B funding, the company tells Crunchbase News exclusively.

RTP Global led the financing, which brings Alvys’ total funding to date to $77 million, according to the company. Alpha Square Group joined existing backers Picus Capita, Titanium Ventures and Bonfire Ventures, among others, in participating in the round. The company declined to reveal its valuation, saying only that it was an up round. It most recently raised funding in July 2024, a $25.8 million Series A led by Titanium.

The raise comes at a time when funding to logistics and supply chain management startups remains far below pandemic highs. As of Sept. 25, startups in the space have raised $5.7 billion across 469 deals in 2025, Crunchbase data shows. By comparison, in all of 2024, logistics and supply chain management startups raised less than $6 billion in 741 announced funding deals.

Both years’ numbers are a steep drop from the nearly $28 billion such startups raised in 2021 in a record-high 1,554 deals.

Although 2021 was an aberration, funding numbers so far in 2025 are lower even than those of 2023, when $6.7 billion was raised across 965 deals.

Making trucking more efficient

Founded in 2020, Alvys hopes to buck the trend.

The company describes itself as a “transportation management system” aimed at helping trucking companies operate more efficiently. Its platform does things like streamline dispatch, load management, tracking, driver management, billing and payroll. And by using AI and automation, Alvys claims it can help reduce manual work and help businesses make quicker decisions and thus move faster in general.

Nick Darman, the company’s founder and CEO, told Crunchbase News that historically, many freight companies run on separate sets of systems, which results in siloed data, duplicated work, slow workflows and limited visibility.

The company’s software “allows freight companies to transform multiple complex operations into one business that runs with clarity, while still keeping accounting clean and separate for each entity,” he said.

The end result for the company’s 1,000-plus customers, Darman claims, is increased revenue, monthly loads and efficiency gains from faster accounting and reduced data entry.

For its part, Alvys has tripled its revenue in each of the past two years and is on track to double it again in 2025, according to Darman.

Personal experience

Darman’s journey to start Alvys began with his personal experience seeing his father’s struggle  — including financially — as a truck driver.

After conducting research about freight sourcing, Darman founded a trucking company to supply his dad with loads. He also got a degree in economics and worked a brief stint in finance at JPMorgan.

But in 2014, Darman decided to start an asset-based brokerage. By 2020, he had determined that he wanted to start a company to help address the inefficiencies plaguing the operating systems for freight companies. Thus, Alvys was born.

In 2021, he invited Leo Gorodinski, former VP of engineering at Jet.com, to help him build Alvys.

Julius Schwerin, partner at RTP Global, told Crunchbase News via email that the firm has repeatedly backed Alvys because the startup “marries a best-in-class TMS with the ambition to become logistics’ operating system.

“What makes Alvys unique today is the combination of workflow depth and usability with 100+ integrations, built-in compliance, and real-time visibility, all wrapped in a modern interface that dispatchers and drivers actually enjoy using,” he added.

Related Crunchbase query:

• Supply Chain Management And Logistics Funding, 2025 

Related Reading:

• Broken Down? Supply Chain And Logistics Funding Diminishes

Illustration: Dom Guzman