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GP Bullhound invests in OnTruck

GP Bullhound

 

GP Bullhound, a leading technology advisory and investment firm, has invested in Spanish haulage tech platform OnTruck.

The firm took part in a €25m Series B round led by Cathay Innovation, alongside existing investors Atomico, Idinvest Partners, Total Energy Ventures, Point 9 Capital and Samaipata Ventures. The
funds raised will go toward consolidating OnTruck’s market positions in Spain and the UK and expanding across Europe

OnTruck CEO, Iñigo Juantegui, said: “This new round is a great signal from the market that we are on the right path towards becoming the leading road freight platform in Europe. We are excited to count GP Bulhound as a new investor and believe their global presence and full focus on tech will be strong assets for our expansion plans.”

Per Roman, Managing Partner of GP Bullhound, added: “We are proud to invest in OnTruck and strongly believe in the ambitious vision of their founder to use technology to disrupt and automate the road freight sector, a market offering a huge potential.”

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