News

Point B Capital invests in Post.Bid.Ship

March 3, 2013

Point B Capital invested in Tuscon-based Post.Bid.Ship to complete its Series A financing round.  Post.Bid.Ship aspires to become the first fully integrated Web 2.0, Software as a Service (SaaS) freight marketplace—matching commercial shippers, freight brokers, and trucking firms via both mobile and traditional web.  The platform is an enterprise-to-enterprise cloud solution that offers an online marketplace where shippers post loads of freight, and carriers bid to haul those loads.  PBS automates the shipper-carrier relationship—providing financial benefits and time savings to each.  The company has experienced solid early traction while running the company in a capital-efficient manner since their 2010 inception.  PBS is led by seasoned entrepreneurs and an experienced Board, and represents our first investment in Arizona.

"We welcome Point B Capital as a true partner helping us grow Post.Bid.Ship.  After just a few weeks as investors, Point B Capital has already introduced us to key industry players and provided management with valuable counsel,”  stated Micky Thompson, CEO. And his co-founder and COO, Jarret Hamstreet added, "Point B Capital brings real strategic value to their portfolio companies. Beginning with their due diligence and now as investors, the Point B Capital team demonstrates a deep understanding of the technology and transportaion industries."