GeTruck

Company Overview

Snapshot

Founded in July 2019 by Rom Grinfeld, Eliran Mesika, and Leonid Schnaiderman, GeTruck operates with 11–50 employees. The company has raised $500,000 across one funding round from three investors. In March 2022, GeTruck announced plans for an IPO on the TASE, aiming to raise NIS 17 million at a valuation of NIS 60 million.

Business overview

GeTruck is an Israeli technology company focused on optimizing the supply chain and logistics sector. The company develops an AI Freight Forwarding Network (FFN) designed to address market inefficiencies and waste within the transportation industry. By collecting data from customers and the broader supply chain ecosystem, GeTruck provides both shippers and carriers with data-driven solutions to enhance efficiency and profitability in freight transport. It operates within the Automotive & Mobility Technologies sector, specifically targeting Logistics & Transportation Management and Urban Mobility.

Strategic signal

In March 2022, GeTruck announced its intention to pursue an IPO on the Tel Aviv Stock Exchange (TASE), seeking to raise NIS 17 million at a valuation of NIS 60 million. This move signals a strategic shift towards public markets for growth capital and offers a clear validation of its business model and market traction, particularly given its reported NIS 2 million revenue in the prior year and projections for significant growth.

Company Intelligence Q&A

What is GeTruck's primary focus?

GeTruck focuses on resolving supply chain market failures, inefficiencies, and waste through its AI Freight Forwarding Network (FFN).

When was GeTruck founded and by whom?

GeTruck was founded in July 2019 by Rom Grinfeld, Eliran Mesika, and Leonid Schnaiderman.

What significant corporate development did GeTruck announce in March 2022?

In March 2022, GeTruck announced plans for an IPO on the TASE, aiming to raise NIS 17 million at a company valuation of NIS 60 million.

Which customers does GeTruck serve?

GeTruck's customers include Shufersal, IceCure, Delek, and Walla! Shops.

What is the total capital raised by GeTruck?

GeTruck has raised $500,000 in a seed round from private investors Avi Tsur and Avi Goldfinger.