Venture 53 – a pure-play industry-focused transportation and logistics fund – announced its strategic investment in Optym, a trailblazer in optimization solutions for the transportation industry. The funding comes as a testament to Optym’s unparalleled leadership in transportation optimization as acknowledged by industry expert and Venture 53 Co-Founder Pat Martin.
Launched in 2000 by Professor Ravi Ahuja, Optym’s solutions have served railroads, airlines, and less-than-truckload (LTL) and full-truckload (FTL) carriers by providing key optimization solutions to improve operational efficiency. And to date, Optym has saved its clients over one billion dollars and counting. Optym currently optimizes more than one hundred thousand routes each month and makes over thirty thousand drivers more efficient.
Venture 53 – which is known for its meticulous selection of growth companies across transportation and logistics – employs a proprietary formula to identify disrupters with the most promising potential. And this strategic investment in Optym aligns seamlessly with Venture 53’s commitment to supporting integrated technology solutions that address age-old challenges in supply chain efficiency.
The collaboration between Optym and Venture 53 marks a major milestone in the transportation industry, promising groundbreaking advancements in optimization technology. And as Optym continues to lead the way in shaping the future of supply chain efficiency, Venture 53’s strategic investment solidifies its position as a key player in fostering innovation and growth in the sector.
KEY QUOTES:
“Optym got their name right! They are the clear leader in optimization in the transportation industry. Every transportation company will see immediate ROI after implementation of their software. This is one of the smartest companies I have ever seen.”
– Venture 53 Co-Founder Pat Martin
“As we sit in the trough of a freight market, there’s never been a better time for transportation companies to reconsider how they run their operations. Venture 53, whose strategic vision aligns with our own commitment to innovation, sees that opportunity to bring optimization to transportation and will help Optym continue to deliver exceptional value to our clients and beyond.”
– Optym CEO & Founder Ravi Ahuja
“In Venture 53, the ’53’ comes from being the largest maximum footage trailer on the road. Just like a trailer can be packed differently, so too can a fund. Venture 53 takes on a limited number of companies in our transportation and trucking micro verticals. Then, we work with these companies’ founder and senior leadership to drive some of the best exit valuations in the industry.”
– Dan White, Venture 53 Co-Founder
