TitletownTech invests in Tusk Logistics
TitletownTech, a venture capital firm formed out of a partnership between the Green Bay Packers and Microsoft, has invested in Tusk Logistics, a Chicago-based supply chain company that has built a national network of regional parcel carriers.
Tusk publicly launched at the supply chain and logistics conference Manifest, and announced its $1.6 million pre-seed funding round, led by Forum Ventures with participation from TitletownTech and Fulfillment IQ. The company plans to focus funds on product development.
Many shippers invest in single-carrier relationships with big names like FedEx or UPS, leaving them vulnerable to rising prices and operational disruptions. By connecting shippers to a national network of regional parcel carriers, Tusk is providing e-commerce shippers reliable service, predictable pricing, and proactive support, with shipping rates often 40% lower than the larger carriers, according to a news release.