NewswireToday - /newswire/ -
Irvine, CA, United States, 2007/11/26 - Venture Farm, LLC, an early stage funding and execution company has made an investment in XSCapcity, the only true on line marketplace for excess truck capacity - VentureFarm.com.
XSCapcity joins the Venture Farm Portfolio Companies. The total investment remains confidential, but the managing partner of Venture Farm, Sid Mohasseb stated that “our investment in XSCapcity will provide the company the capital needed to realize significant market opportunities and get to the next level”
XSCapacity is a game changing company. It is the only true market place that serves the $600 Billion ground freight industry. “the company provides an innovative platform that allows shippers to post their shipping requirements and approved and qualified carriers to competitively bid. In the process, carriers can address the very big problem of under utilized available truck space and shippers can realize savings of close to 59%; it is a true win / win model” said Mohasseb. “XSCapacity is the Priceline of the transporation industry” he continued.
“We are excited to join the Venture Farm family of companies” said Steve Krubenski, CEO of XSCapacity. He continued, “we have already benefited from Venture Farm’s involvement, their participation, good thinking and genuine support in execution. It is really not only about the money, we are confident that we have found a true partner and look forward to building a great company together.”
“Great companies are built on the foundation of good ideas and good people and XSCapcity enjoys both. We are very excited about the future of the company, XSCapacity is an ebay in the making” said Mohasseb.
About Venture Farm
Venture Farm (venturefarm.com) is an equity funding source that adds hands-on experience to the execution process without replacing the management. It passionately helps portfolio companies build a solid organizational foundation, fine tune their value proposition, accelerate their growth, and gain access to subsequent funding.
Venture Farm addresses the existing gaps in the venture capital and angel investing process and offers an innovative investment model that uniquely creates value for it’s investors, is highly supportive of the portfolio companies, and an integral part of the follow-up funding ecosystem.
XSCapacity, Inc. has created a web based application designed to increase profits for both shippers and carriers. The online Marketplace gives shippers the opportunity to post all their truck shipments on the XSCapacity website, while giving carriers the opportunity to bid on loads that are posted that match their criteria. Neither, shippers or carriers will incur surcharges, software fees, membership fees or other fees charged by similar websites.