North Coast Ventures is thrilled to announce our latest investment in 1Logtech, a Columbus-based startup streamlining the logistics industry with its innovative Integration Platform as a Service (iPaaS).
1Logtech leverages AI-driven automation within its no-code platform to intelligently streamline mapping, configuration, and optimization of integrations, significantly reducing implementation time and complexity for logistics operations. Designed for 3PLs, carriers, and shippers—including CPG, manufacturers, and retailers—using a Transportation Management System (TMS), 1Logtech enables seamless, efficient connectivity across the supply chain without the need for extensive technical resources.
The current logistics industry faces significant challenges in integrating diverse systems, leading to operational inefficiencies and increased costs. 1Logtech's no-code iPaaS solution directly addresses these pain points, offering a streamlined and cost-effective alternative to traditional integration methods.
With 1Logtech, businesses can effortlessly connect their systems, enabling real-time data exchange on shipment status, inventory levels, and delivery schedules. This enhanced visibility and automation lead to improved operational efficiency, reduced costs, and better customer service.
By eliminating the need for complex coding and specialized technical staff, 1Logtech empowers businesses to take control of their integrations and optimize their supply chain operations. The platform's scalability and flexibility ensure that it can adapt to the evolving needs of logistics companies of all sizes.
1Logtech is poised to capitalize on the rapidly growing connected logistics market, projected to reach $72.94 billion by 2032. With its strong industry focus and innovative technology, the company has the potential to capture a significant market share and drive substantial revenue growth.
The company's leadership team boasts deep domain expertise, startup experience, and a proven track record of success in the logistics technology sector. Their extensive industry network and strategic vision position 1Logtech for accelerated growth and market leadership. JP Wiggins, CEO and Co-Founder, has an impressive track record of founding and successfully exiting four logistics technology startups. His entrepreneurial spirit and deep understanding of the logistics industry make him a strong leader for 1Logtech. Co-founder Mark Addesso, an industry leader in logistics development and integration, has worked with JP on three of the aforementioned four exited start-ups and brings significant technical expertise and industry connections at 1LogTech’s CTO. Larry DeLeon is an experienced software executive with a background in CEO, COO, and lead sales positions. His diverse experience in leadership roles gives him a well-rounded perspective that will be invaluable in guiding 1Logtech's financial and operational strategy.
1Logtech has already gained significant traction, with successful pilot programs and proof-of-concept partnerships with key industry players, including RedStone Logistics and FragilePAK. These early successes validate the platform's value proposition and demonstrate its potential for widespread adoption.
North Coast Ventures is leading a $1.5 million seed round, with participation from other strategic investors including Vision Tech Partners and the Angel Investor Forum.
About North Coast Ventures
North Coast Ventures (NCV) is a Cleveland-based early-stage venture capital firm primarily investing in B2B, SaaS companies. With over 500 member investors, NCV is the largest, single-chapter investor group in the country. Since 2006, NCV and its member investors have deployed more than $100M into over 70 high-potential ventures.