M&A

Houston logistics SaaS company makes strategic acquisition

Houston-based Velostics has made an M&A move to integrate new software onto its platform. Photo by Tom Fisk from Pexels

A Houston company that has created software to automate logistics at terminals, plants, and warehouses has announced the acquisition of a California-based startup.

Houston-based Velostics Inc. has acquired Terusama, a logistics tech company with dock management and truck scheduling capabilities. The company's software solution that speeds up truck loading and unloading w2ill be rolled into Velostics's platform.

"We are enthusiastic about integrating Terusama's truck scheduling with Velostics' load automation and check-in solutions. The combined offering enables Velostics to create a new standard for inbound logistics automation," says Gaurav Khandelwal, CEO of Velostics, in a news release.

"We can now bring to market unmatched ROI on logistics automation, by providing visibility into future demand, reducing delays associated with load prep and staging, eliminating manual errors, improving throughput and reducing operating costs and detention at our customers' facilities," he continues.

The two software-as-a-service solutions aim to reduce delays and errors, improve ROI, and provide visibility into deliveries and future product demand.

"Appointment scheduling technology is a powerful lever to track, measure, and improve operations at facilities large and small. Being part of the Velostics family gives Terusama the opportunity to not only continue that mission, but also to accelerate and to serve larger markets," says Andrew Denta, CEO of Terusama. "I have full confidence that Velostics' unique capabilities, out-of-the-box integrations with carriers and solid support resources will further fuel the growth at Terusama and further reduce cost to the customer."

The details of the deal were not disclosed. Founded in San Francisco last year, Terusama has raised $150,000 from Y Combinator, according to Crunchbase, and has two employees.

Terusama's trucking software will be implemented into Velostics's services. Image via terusama.com

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Building Houston

 
 

With Clutch, connecting brands with creators has never been easier and more inclusive. Photo courtesy of Clutch

An app that originally launched on Houston college campuses has announced it's now live nationwide.

Clutch founders Madison Long and Simone May set out to make it easier for the younger generation to earn money with their skill sets. After launching a beta at local universities last fall, Clutch's digital marketplace is now live for others to join in.

The platform connects brands to its network of creators for reliable and authentic work — everything from social media management, video creation, video editing, content creation, graphic design projects, and more. With weekly payments to creators and an inclusive platform for users on both sides of the equation, Clutch aims to make digital collaboration easier and more reliable for everyone.

“We’re thrilled to bring our product to market to make sustainable, authentic lifestyles available to everyone through the creator economy," says May, CTO and co-founder of Clutch. "We’re honored to be part of the thriving innovation community here in Houston and get to bring more on-your-own-terms work opportunities to all creators and businesses through our platform.”

In its beta, Clutch facilitated collaborations for over 200 student creators and 50 brands — such as DIGITS and nama. The company is founded with a mission of "democratizing access to information and technology and elevating the next generation for all people," according to a news release from Clutch. In the beta, 75 percent of the creators were people of color and around half of the businesses were owned by women and people of color.

“As a Clutch Creator, I set my own pricing, schedule and services when collaborating on projects for brands,” says Cathy Syfert, a creator through Clutch. “Clutch Creators embrace the benefits of being a brand ambassador as we create content about the products we love, but do it on behalf of the brands to help the brands grow authentically."

The newly launched product has the following features:

  • Creator profile, where users can share their services, pricing, and skills and review inquiries from brands.
  • Curated matching from the Clutch admin team.
  • Collab initiation, where users can accept or reject incoming collab requests with brands.
  • Collab management — communication, timing, review cycles — all within the platform.
  • In-app payments with a weekly amount selected by the creators themselves.
  • Seamless cancellation for both brands and creators.
Clutch raised $1.2 million in seed funding from Precursor Ventures, Capital Factory, HearstLab, and more. Clutch was originally founded as Campus Concierge in 2021 and has gone through the DivInc Houston program at the Ion.

Madison Long, left, and Simone May co-founded Clutch. Photo courtesy of Clutch

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