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Commercial Trucking Company Fleeting Announces Seed Round Investment Of $500K

Fleeting, a Black-owned commercial trucking and fleet management services company has announced its seed round investment of $500,000 from NBA superstar Kyrie Irving and his newly-founded KAI Eleven Consulting, LLC (KAI 11 Consulting) along with Lockstep Ventures, a new venture fund founded by Bonin Bough, Marcus Glover, and Michael Loeb. “I am thrilled to receive this investment from KAI 11 Consulting and Lockstep Ventures to further scale our business and empower those from underserved communities,” said Fleeting’s CEO and founder Pierre Laguerre in an official press release. “The trucking industry is one of the fastest-growing in the U.S. and I want to ensure it provides access to everyone who wants to be part of it. I intend to help those in the Fleeting family to become financially independent and even entrepreneurs themselves.” In the new joint investment from KAI 11 Consulting and Lockstep Ventures, Fleeting aims to grow its social impact arm to include hiring and training...

Shanique Yates

May 11, 2021