ASHWAUBENON (WLUK) -- TitletownTech says its latest investment is in a Chicago-based logistics company.
Tusk Logistics publicly launched at the supply chain and logistics conference Manifest, and announced its $1.6 million pre-seed funding round, led by Forum Ventures with participation from TitletownTech and Fulfillment IQ. The company plans to focus funds on product development and grow the Tusk team.
“We’re excited to welcome Tusk to our TitletownTech portfolio,” said TitletownTech Managing Director Craig Dickman. “The company is bringing much-needed optionality to the e-commerce space via its national network of regional carriers. We’re ready to support Tusk on its mission to deliver value to shippers.”
Many shippers invest in single-carrier relationships with big names like FedEx or UPS, leaving them vulnerable to rising prices and operational disruptions. By connecting shippers to a national network of regional parcel carriers, Tusk provides e-commerce shippers reliable service, predictable pricing, and proactive support, with shipping rates often 40% lower than the larger carriers.