CloudTrucks, a virtual trucking carrier, has closed a Series A funding round of $20.5 million, led by Caffeinated Capital with participation from Craft Ventures, Khosla Ventures, SciFi VC, Kindred Ventures, Abstract Ventures, and Better Tomorrow Ventures. The firm also launched a first of its kind payments product-CT Cash-to help truckers manage payments.

The CloudTrucks app helps truck owners and operators efficiently manage their businesses with technology targeted to the unique needs of their industry. A "business in a box" for truckers, CloudTrucks empowers independent truck drivers to optimize their driving schedules for better pay rates, maximize their revenue and cash flow, while reducing their operating costs.