Tow4Tech, an US-based SaaS platform revolutionizing the $12 billion commercial-fleet towing industry has successfully a new €1.3M pre-seed round led by Bulgarian BrightCap Ventures. With this round, the company is entering the Romanian market, with plans for at least 50% of its value-adding employees to be hired and based there.
👯 Founders: Craig Schneider, Ziv Gillat
📅 Founding year: 2024
🏭 Industry: Logistics
💥 Problem: The commercial-fleet towing industry is plagued by outdated, manual processes that lead to slow response times, limited transparency, and operational inefficiencies for fleet managers.
📣 Solution: SaaS platform that automates dispatching, leverages real-time data to connect fleets with optimal towing providers, and streamlines the entire towing process from request to invoicing.
👥 Customers: Commercial trucking companies and fleet managers.
🌱 Stage: Pre-Seed
💰 Investment amount: €1.3 million
🚀 Funded by: BrightCap Ventures
👁️🗨️ Investor’s perspective: “By replacing the outdated pen-and-paper, phone-based dispatch model with a fully digital platform, they’re creating real operational value for both fleets and tow providers. Their team expansion into Romania further strengthens their ability to scale globally, tapping into our region’s exceptional engineering talent and setting the stage for European growth.” – Georgi Mitov, Managing Partner at BrightCap Ventures
💡 It will be spent on: Expansion into Romania and to deliver faster, more reliable towing and roadside assistance for trucking fleets.
💬 In their own words: “At Tow4Tech, we’ve created a smarter, faster, and more transparent solution for commercial trucking companies and fleet managers by automating processes, saving time, and collecting valuable data. This round, led by BrightCap Ventures, will enable us to drive innovation with a partner committed to backing globally scalable and game-changing technologies.” – Craig Schneider, CEO and Co-Founder of Tow4Tech
🔑 Business model: B2B SaaS
