$3.1M Seed Round for Terminal: "The Plaid of Trucking"

Terminal's Big Move: Aspiring to be Trucking's Plaid

• Funding Raised: $3.1 million in a seed round.
• Goal: Building a Unified API for trucking industry, akin to Plaid in fintech.

The Visionaries: Founders Raghav Midha and Connor Giles

• Background: Fintech and trucking.
• Mission: To simplify trucking industry integrations, inspired by their fintech experience.

Why Terminal Matters: Streamlining Trucking Telematics

• API integration is key for fleet management efficiency.
• Terminal aims to provide essential vehicle and location data for various industry applications.

Investors Betting on Terminal

• Led by Golden Ventures.
• Involvement from Y Combinator, Wayfinder Ventures, and others.

The Problem Terminal Solves

• Integration challenges: Trucking industry spends up to 50% of time on integrations.
• Terminal targets these inefficiencies, especially in the fintech ecosystem of trucking.

Terminal's Progress and Future Plans

• Over 150,000 trucks' data committed for integration.
• Focus: Insurance companies and software firms serving carriers.
• Promise: Lower insurance premiums and better logistics visibility for carriers.

What's Next for Terminal

• Building a strong engineering team.
• Enhancing customer satisfaction and operational velocity.

Source: FreightWaves