Outpost, a network of managed semi-truck parking facilities, has raised $12.5 million in Series A funding to address the nationwide truck parking shortage. The funding will be used to expand Outpost’s network of properties and its technology platform.
Outpost, formerly known as Semi-Stow, is headquartered in Austin with an engineering hub in Seattle. The company operates a network of 18 properties and 8,000 parking spaces. After opening 10 new fleet yards in 2023, Outpost aims to more than double its number of properties under management in 2024.
Additionally, the company is deploying a technology platform that will allow trucking companies to book and manage reservations online, monitor equipment through real-time video feeds and improve the efficiency of their parking and storage spend. This solution, combined with Outpost’s asset management service, will also help parking lot owners streamline their operations.
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