LoadMe

LoadMe

Online marketplace for shipments and trucks.

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DateInvestorsAmountRound
-investor investor

€0.0

round
N/A

€0.0

round
investor

€0.0

round
N/A

€0.0

round
investor

€0.0

round
N/A

$1.0m

Series A
Total Funding000k

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-19 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

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More about LoadMe
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LoadMe operates as a digital freight exchange and transportation management system, connecting cargo owners with available trucks in real-time across the Middle East and North Africa. The company was conceptualized in 2014 by Sebastian Stefan, an engineer with a background in logistics in Europe who moved to Dubai in 2011. Officially founded in 2014 and fully operational by 2016, the Dubai-based company's co-founders include Sebastian Stefan (CEO), Sebastian Morar (CTO), and Claudia Pacurar. The platform was created to address significant inefficiencies in the trucking industry, such as the high percentage of trucks returning empty after a delivery.

The business serves both shippers and carriers. For shippers, including major corporations like Unilever, P&G, and Kuehne+Nagel, LoadMe offers a cloud-based platform to manage logistics, reduce costs, and gain real-time visibility of their shipments. For carriers and truck owners, the service provides access to a larger pool of jobs, aiming to increase truck utilization and revenue through reverse hauling. Revenue is generated through monthly subscriptions and transaction fees based on the number of loads or trucks posted and matches made. Over its history, the company has secured significant funding, including a Series A round, with total funding reaching $7.6 million from investors such as DP World, Prime Venture Partners, and VentureSouq.

The core of LoadMe's offering is its online marketplace and truck transportation management system. Shippers can post their freight requirements, and the system notifies the nearest matching drivers. The platform includes a control tower for managing shipments, a portal for shippers to initiate and track orders, and a mobile app for drivers. Key features include real-time GPS tracking of cargo, electronic proof of delivery, geo-fencing, digital dispatching, and automated status reports. This allows logistics managers to monitor the entire journey, access trip documents, and receive updates on their cargo's status. By digitizing transport operations, LoadMe aims to increase productivity, improve communication between parties, and reduce paperwork. The company has received numerous accolades, including the Digital Disruptor Of The Year in 2019 and the Dubai Smartpreneur competition.

Keywords: freight exchange, logistics marketplace, transportation management system, Middle East logistics, digital freight brokerage, truck load matching, real-time shipment tracking, SaaS, road freight, supply chain technology, fleet management, cargo shipping, trucking industry, reverse hauling, electronic proof of delivery, logistics platform, North Africa logistics, freight aggregation, GCC transport, last-mile logistics

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