BridgeLinx, a digital freight marketplace and logistics provider based in Pakistan, announced that it has raised the country’s largest-ever seed funding of $10 million.
The funding round was led by Harry Stebbings’ 20 VC, Buckley Ventures, and Indus Valley Capital. Wavemaker Partners, Quiet Capital, TrueSight Ventures, Soma Capital, Magnus Rausing’s UNTITLED, and Flexport also participated.
BridgeLinx, which connects shippers with carriers such as truckers, owner-operators, and private fleets, said it will use the fresh capital to broaden its product stack and expand across additional verticals, segments, and lanes.
The startup was founded by Muhammad Saad, Ahsan Tanveer, Abbas Hassan, and Salman Gul. It claims to have onboarded thousands of carriers to move thousands of freight loads each week for many of the largest shippers in Pakistan.
The platform provides end-to-end load execution, from matching, despatch, and port operations to field support, documentation, and payments.
Gul, co-founder and CEO of BridgeLinx, said deploying technology to optimise and create visibility across global supply chains is a trillion-dollar opportunity.
The startup, he added, seeks to “redefine the way in which businesses manage supply chains” from procurement and shipping to warehousing and distribution. “Our journey starts with road freight in Pakistan,” Gul said.
Roads are the predominant mode of transport in Pakistan, accounting for over 96% of freight traffic, according to data from the Asian Development Bank.
For goods-producing countries like Pakistan, strong logistics is an essential component of the supply chain and is a key driver for private-sector development and overall economic growth, the Punjab Board of Investment & Trade said.
Commenting on the investment, Indus Valley Capital managing partner Aatif Awan, former senior Linkedin and Microsoft executive, said BridgeLinx “has cracked the code” for making end-to-end freight work.
Indus Valley Capital’s portfolio companies include mass transit system Airlift, online marketplace Bazaar, and female fitness startup Aimfit.