Comment on Logistics Solution Provider oTMS Raises Series A Funding from Investors Including Baidu by oTMS Raises $6m Series A Funding from Matrix, Baidu and Buttonwood Capital | 运输进化论

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-11-21 00:00:00

oTMS (open Transport Management System) is a Shanghai-based company that creates software to help suppliers and transportation companies in China streamline transport processes. The company has just raised US$6 million in Series A funding led by Matrix Partners China, along with Baidu and oTMS’ angel investor Buttonwood Capital. There are millions of logistics companies and about 30 million drivers in China, according to oTMS’ founders. The top six logistics companies account for only 1% of the market, making it highly fragmented. Officially launched in January 2013, oTMS’ software currently is used by more than 80 companies.