Bridgelinx Technologies, a digital freight marketplace, raises $10 million in Pakistan’s largest seed funding

Pakistan-based BridgeLinx Technologies secured seed funding of $10 million, the largest round in the Pakistan seed sector. The round was led by Harry Stebbings’ 20 VC, Josh Buckley’s Buckley Ventures, and Indus Valley Capital. The funds will be used by BridgeLinx to “consolidate its position as a market leader by expanding into new verticals, segments, and lanes”

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The company has raised investment after starting operations about nine months ago with the goal of consolidating the nation’s fragmented trucking and logistics market. Muhammad Saad, Ahsan Tanveer, Abbas Hassan, and Salman Gul started BridgeLinx in late 2020 to connect businesses with carriers (truckers, owner-operators, transporters, and private fleets) via their online marketplace. BridgeLinx offers lower fares through bidding between truckers to win business and moves thousands of freight loads each week.

Source: Bloomberg