Dray Alliance, a venture-backed startup focused on building a container trucking platform to deliver shipping containers from ports to warehouses more efficiently, has completed a $40M Series B round led by global venture capital group Headline.

The round includes $20M equity financing from Headline, Craft Ventures, Harpoon Ventures, Matrix Partners and Quiet Capital, with an additional $20M working capital financing from J.P. Morgan. Dray Alliance's digital platform leverages data, automation and a mobile app for truckers to deliver shipping containers more efficiently for some of the largest brands in the country.

Dray Alliance is a venture-backed startup that is focused on building a container trucking platform to deliver shipping containers from ports to warehouses. Its technology connects container shippers with a network of vetted truck drivers through a mobile app. By leveraging API integrations with the ports and data from the mobile app, Dray Alliance's platform allows container shippers to manage and track all container deliveries in a single web portal and make truckers more efficient. The company has raised a total of $55M in venture capital and working capital financing, and is already working with over one hundred enterprise customers, delivering thousands of containers a month. Steve Wen is the Co-founder and CEO of Dray Alliance.