DataTruck just closed a $12M Series A.
For anyone who's been watching the freight tech space, this isn't a surprise. It's a confirmation. DataTruck has been quietly building one of the sharpest TMS platforms on the market for SMB carriers, and this raise puts them in position to do what they've been doing — just faster.
We've had a front-row seat to this story. DataTruck is a Phi client, and we've been part of their GTM journey since the early days. So this one feels personal.
Here's what makes this raise worth paying attention to.
From Founder-Led Sales to $2.5M ARR
When DataTruck first came to us, the product was solid. Carriers liked it. Retention was strong. But growth was stuck in founder-led sales mode — deals closed through personal networks, warm intros, and the founders grinding through every conversation themselves.
There was no dedicated sales team. No outbound infrastructure. No repeatable system for acquiring customers. CAC was sitting at $1,103.
We started with one founding AE. One person, embedded inside DataTruck, building and running the entire outbound motion from scratch. ICP segmentation, pain-driven messaging for SMB carriers, cold outreach infrastructure across calls and email, and a full CRM build in HubSpot.
Nine months later, DataTruck crossed $1M ARR.
From there, the team scaled to five. We helped build out CRM architecture for higher volume, launched a product-led growth motion alongside outbound, and kept compounding.
Twelve months after hitting $1M, DataTruck reached $2.5M ARR. CAC dropped from $1,103 to $530. For every dollar spent with Phi, DataTruck made $9 back. That ratio held the entire time.
Read the full DataTruck case study →
Why This Series A Matters for Freight Tech
The freight tech space has seen a lot of funding over the past few years. A lot of it went to companies selling to enterprise shippers and mega-fleets. The SMB carrier segment — the 90%+ of carriers running 1 to 20 trucks — has been historically underserved.
DataTruck built specifically for that segment. Their TMS is designed around the problems small carriers actually face: manual dispatch, messy billing, zero visibility into operations. Not a stripped-down version of an enterprise tool. A product built from the ground up for how small fleets actually work.
That focus is what made the outbound motion work. When your messaging is built around real operational problems that your ICP deals with daily, conversion follows. DataTruck wasn't selling software. They were selling time back to owner-operators who were drowning in spreadsheets and phone calls.
The $12M Series A, following a $700K pre-Series A round, gives DataTruck the capital to go deeper on product and wider on distribution. More carriers. More features. More coverage across the freight lifecycle.
What Investors Are Betting On
When DataTruck walked into their Series A conversations, they didn't lead with projections. They led with a working revenue engine.
$2.5M in ARR. A 97% reduction in CAC. A sales team of five operating on proven playbooks and infrastructure. Month-over-month revenue additions that had more than doubled. A product-led growth channel running alongside outbound.
This wasn't a bet on potential. It was a bet on a system that was already compounding.
That's the difference between companies that raise on a story and companies that raise on a machine. DataTruck had both.
Congratulations to the DataTruck Team
We've watched this team go from founder-led hustle to a structured, scalable revenue operation. The product was always good. What changed was the engine around it.
Building alongside DataTruck has been one of the more rewarding partnerships we've had at Phi. The team moves fast, listens to data, and isn't afraid to rebuild what isn't working. That mindset is rare, and it's a big part of why they're here.
$12M is fuel. What DataTruck does with it is going to be worth watching.
Congrats to the entire DataTruck team on the Series A. The best part of this story is that it's still early.
Phi is a GTM execution partner for B2B startups. We helped DataTruck go from founder-led sales to $2.5M ARR through embedded sales teams, outbound infrastructure, and revenue systems. If you're building something similar, let's talk.
