RealCo Accelerator Startup Dauber Gets $1.1M for Trucking Tech
San Antonio—[Updated 6/23/17, 10:34 a.m. See Below.] Dauber, a trucking-focused app maker that’s working with the San Antonio-based RealCo startup program, has raised $1.1 million in seed funding from RealCo, angel investors, and people in the trucking industry.
Dauber makes apps that lets construction trucking companies track shipments, track and analyze data such as load information, and sign for orders digitally, all of which helps eliminate paperwork and improve logistics, according to CEO Brian Jones. The company also makes an app for the companies’ customers, which lets them track deliveries live. The software was launched earlier this year. [Updated throughout with CEO comments.]
In addition, Dauber offers advanced analytics, such as programs that monitor the efficiency of a trucking fleet and route optimization, Jones says. The company charges a fee per truck to use the app’s features. Dauber is targeting the several thousand U.S. companies that operate more than 120,000 trucks.
RealCo, which started earlier this year, is a program that lasts up to 15 months and offers startups as much as $125,000 in early operating capital in exchange for a small equity stake. Dauber was one of the first three companies to join the accelerator, and it is the first to be part of RealCo’s Seed Fund Program, according to the release.
Dauber is using the money to expand to Austin. The first $125,000 of the $1.1 million came from RealCo. Other investors in the company’s seed round include Geekdom Fund, Maroon Fund, Innovate Angel Funds, San Antonio Angel Network, Aggie Angel Network, South Coast Angel Network, and two general contractors.