Turvo

Turvo

Cloud-based platform for supply chain management

About

Turvo provides a cloud-based platform that connects all parties in the logistics and supply chain industry, including shippers, carriers, and brokers. This platform allows users to track shipments in real-time and manage freight more efficiently. By digitizing the entire process from order placement to delivery, Turvo ensures that everyone involved has access to the same up-to-date information, which helps to eliminate inefficiencies and improve transparency. Unlike traditional methods, which can be outdated and cumbersome, Turvo's Software-as-a-Service (SaaS) model allows clients to subscribe for access to a suite of tools that streamline operations, including tracking, document management, and communication features. The goal of Turvo is to enhance visibility and collaboration in the supply chain, ultimately helping businesses reduce costs and improve service for their customers.

Company Stage

Acquired

Employees

201-500

Industries

Industrial & Manufacturing, Enterprise Software

Total Funding

$89.1M

Headquarters

N/A

Founded

2014


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Simplify's Take

What believers are saying

  • The acquisition by Lineage Logistics provides Turvo with substantial financial backing and growth opportunities.
  • Strategic partnerships with companies like Southern Reins Logistics and MileMaker enhance Turvo's platform capabilities and market reach.
  • Turvo's continuous innovation, such as integrating with Oko for data automation, positions it as a leader in supply chain technology.

What critics are saying

  • The logistics and supply chain market is highly competitive, with numerous players offering similar solutions, which could impact Turvo's market share.
  • Integration challenges with new partners and acquisitions could lead to operational inefficiencies.

What makes Turvo unique

  • Turvo's cloud-based platform offers real-time visibility and collaboration across the entire supply chain, setting it apart from traditional logistics solutions.
  • The SaaS business model ensures continuous revenue and allows for regular updates and improvements, unlike one-time purchase models.
  • Turvo's focus on unifying shippers, carriers, and brokers on a single platform enhances efficiency and transparency, a unique value proposition in the logistics sector.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%

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