This new round of funding fuels DriverReach's expansion and innovation in driver recruitment and compliance solutions, advancing its commitment to industry transformation.
INDIANAPOLIS, IN - (January 16th, 2024) - DriverReach, a recruiting and compliance management system for the trucking industry, announced the closure of its Series B funding round led by Fulcrum Equity Partners, an Atlanta-based growth equity fund. This strategic investment marks a significant milestone in the company’s journey to modernize and revolutionize driver recruiting and compliance in the trucking industry. The round includes participation from Fulcrum as well as other strategic investors.
DriverReach has been investing heavily in systems and features that help streamline the complicated world of driver recruitment, compliance, and retention. Last year, DriverReach released its revolutionary DQ File Checklist, a feature that streamlines compliance management during hiring and throughout the driver lifecycle. It also released a major update to VOE+, its proprietary system for verifying previous employment.
In addition to the continued enhancements to the platform, the funding will be used to acquire top talent in the industry, reinforcing DriverReach’s leading position in the market and its commitment to innovation in driver recruitment and compliance.
Brent Dorfman, CEO of DriverReach, shared his vision for the company's future: “The closure of our Series B funding round is another big step in our journey. It says a lot about what we are doing that a firm like Fulcrum wanted to support us in this current investment climate. But the industry is desperate for innovative tech solutions that get fleets, and we have a product roadmap that will continue to make life easier for recruiting and compliance departments. I’m excited to show everyone what we’ll use these funds to achieve.”
Chad Hooker, Principal at Fulcrum, commented, "We are thrilled to announce our participation in the Series B investment round for DriverReach. They have demonstrated remarkable progress since our initial investment, and we believe this is just the beginning of their exciting journey. With a proven track record, a visionary leadership team, and a compelling value proposition, we are confident that DriverReach is poised for rapid growth and will continue to disrupt their industry.”
The company's focus on enhancing the user experience of its platform remains a top priority to make the platform more dynamic and responsive, keeping it at the forefront of technology in the industry.
To learn more DriverReach, visit: https://www.driverreach.com/careers
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About DriverReach
DriverReach is the premier recruitment and compliance management solution trusted by top carriers to revolutionize their driver recruitment processes and enhance their speed-to-hire. Our innovative, mobile-friendly DOT application seamlessly integrates with a comprehensive ATS (Applicant Tracking System), complete with email and text capabilities, simplifying driver qualification and recruitment.
At the crossroads of compliance and recruiting, DriverReach empowers companies hiring CDL drivers to establish stronger connections, reduce response times, and achieve their hiring objectives. Our mission is to reshape the landscape of driver recruitment and compliance, enabling companies to attract, onboard, and retain highly qualified drivers with unprecedented efficiency.
For more information about DriverReach, please visit our website at www.DriverReach.com.
About Fulcrum Equity Partners
Fulcrum Equity Partners is an Atlanta-based growth equity firm that gives entrepreneurs the capital and hands-on support they need to take their companies further, faster. Fulcrum invests in healthcare services and B2B tech executives searching for $5 million to $30 million of equity in minority and majority growth opportunities. Fulcrum's partners believe in building businesses the right way, meeting teams where they are, and helping them imagine a bigger and brighter future by building the right systems, processes, teams, and culture. All of that starts with the right experience, the right support, and the right relationship. Learn more at http://www.fulcrumep.com.
