Banking & Finance  June 27, 2016

Boulder-based 10-4 Systems lands $13.9M funding round

BOULDER — 10-4 Systems Inc., a Boulder-based provider of supply-chain technology for freight carriers, brokers and shippers, has raised $13.9 million of series A financing led by GlobalTranz’s co-founder Andrew Leto.

Along with the funding, 10-4 Systems has completed a spinoff from Arizona-based GlobalTranz, allowing 10-4 Systems to focus on product development and customer acquisition.

Founded in 2012 within GlobalTranz, 10-4 Systems has developed software and an integration process to improve visibility and communication in the freight-transportation industry.

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“This is an important milestone for 10-4, and one that we’ve been working diligently to execute for quite some time,” said Travis Rhyan, 10-4 Systems’ president and chief executive. “We appreciate the contribution from our former parent company and look forward to the next chapter in our organization’s evolution. We’ve secured significant investment that will continue to fuel our growth, expansion, and innovation for years to come.”

10-4 Systems’ Freight Portal software and integration provides companies real-time tracking of their inbound and outbound shipments.

BOULDER — 10-4 Systems Inc., a Boulder-based provider of supply-chain technology for freight carriers, brokers and shippers, has raised $13.9 million of series A financing led by GlobalTranz’s co-founder Andrew Leto.

Along with the funding, 10-4 Systems has completed a spinoff from Arizona-based GlobalTranz, allowing 10-4 Systems to focus on product development and customer acquisition.

Founded in 2012 within GlobalTranz, 10-4 Systems has developed software and an integration process to improve visibility and communication in the freight-transportation industry.

“This is an important milestone for 10-4, and one that we’ve been working diligently to execute for quite some time,” said Travis Rhyan, 10-4 Systems’…

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