BasicBlock, a financial technology company that makes it easier for truckers to find financing and get paid, announced Monday that it received $78 million investment that is a combination of debt and equity. Among the lead investors in the round were Autotech Ventures, Clear Haven Capital Management, Emergent Ventures and Nelnet. Previous investors Revolution's Rise of the Rest Seed Fund, SaaS Ventures and TNT Ventures also participated. BasicBlock's investment follows three other very large ones last year: $120 million for Monolith, $46 million for Virtual Incision, and $30 million for CompanyCam. The company said in a news release that the $78 million investment will allow it to continue focusing on factoring while adding and expanding services to help carriers grow their fleets.

Source: Daily Sun January 25, 2022 04:46 UTC