| Founded | 2016 |
|---|---|
| Closed | 2021 |
| Country | Spain |
| Sector | Logistics |
| Collapse type | Fire Sale |
OnTruck
"OnTruck raised EUR 72M from Index Ventures and Partech to digitize Spanish trucking — and sold to a state-owned postal subsidiary for a fraction of that in 2021 after failing to crack the fragmented freight market."
Distressed acquisition below last-round valuation
Key Events Timeline
OnTruck built a two-sided marketplace connecting shippers to carriers in Spain, but the fragmented trucking market proved resistant to digitization at scale.
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