The $200 million funding round cuts against the broader trend of venture capital investors pulling back from early and growth-stage supply chain and logistics startups.
Ottensmeyer spent 17 years with Kansas City Southern Railway until the merger with Canadian Pacific Railway in 2023, then served on J.B. Hunt’s board of directors.
Strong demand, tight vessel capacity and delays at some key Brazilian ports are pushing freight rates close to the record levels hit during the pandemic.