What does Tow4Tech do?
Tow4Tech provides a SaaS-based platform that connects fleet managers with heavy and medium towing providers. The platform leverages real-time geolocation and intelligent dispatching to optimize operations, track operator performance, and automate invoicing, thereby enhancing service efficiency and reducing downtime.
How much did they raise?
The company raised $1.5M in a Pre-Seed round led by BrightCap Ventures. The funding will be used to boost platform capabilities, grow the engineering team, and expand its national network of towing providers.
What are their plans for the money?
Tow4Tech plans to use the funds to enhance its platform and expand its operations nationwide. This investment is expected to drive further innovation in dispatch optimization and operational efficiency, ultimately improving the towing experience for fleet managers and service providers.
What have they achieved so far?
The company has already made significant strides by connecting commercial trucking companies and fleet operators with heavy-duty tow and roadside service providers, streamlining dispatch processes, and automating invoicing to improve turnaround times.
