• Haul, an online freight platform, has raised USD 10 million in an extension to its previous seed funding round held a year ago. The round was led by B Capital Group with participation from Hack VC, Next Coast Ventures, and Pipeline Capital Partners, among others. This brings the company’s total funds raised to USD 13 million.

• The company intends to utilize the funds to quadruple its product, engineering, and operations teams, grow its existing markets in California, and expand reach to new markets in Texas, Georgia, and Pennsylvania.

• The company also revealed today that its revenue has grown by 30% month-over-month over the past year.

<ul><li> Analyst QuickTake: It is noteworthy how online freight platforms—companies with both small- and large-scale operations alike—are gaining momentum among the investor community. Such recent smaller-scale funding rounds include Leaf Logistics, Parade, and Onward Delivery while startups Loadsmart (raised USD 200 million), project44 (USD 420 million),   Cloud Trucks (USD 115 million), and Flock Freight (USD 215 million) as well as incumbent Uber Freight (USD 500 million) bagged dollars in mega rounds.</ul>