Tow4Tech, a Coral Springs-based SaaS-based platform aimed at modernizing the $12 billion commercial-fleet towing industry, announced it has raised $1.5 million in pre-seed funding. The round was led by BrightCap Ventures, an early-stage venture capital firm based in Sofia, Bulgaria.
The investment will help Tow4Tech deliver faster, more reliable towing and roadside assistance for trucking fleets by expanding its national network of heavy and medium towing providers, enhancing its technology platform capabilities, and growing its engineering team.
“At Tow4Tech, we’ve created a smarter, faster, and more transparent solution for commercial trucking companies and fleet managers by automating processes, saving time, and collecting valuable data,” said Craig Schneider, CEO and co-founder of Tow4Tech, in a statement.
In conjunction with the funding, Tow4Tech has established a Romanian subsidiary, Tow4Technologies SRL, which will serve as its European development center and a hub for future expansion across that region. “This round, led by BrightCap Ventures, will enable us to drive innovation with a partner committed to backing globally scalable and game-changing technologies,” added Schneider. Schneider, whose background is in finance, founded the company with CTO Ziv Gillat in 2024.
The commercial fleet towing industry is in need of modernizing; much of it is still running on legacy infrastructure and manual processes. Tow4Tech’s national platform leverages real-time geolocation and intelligent dispatching to seamlessly connect commercial trucking companies and fleet operators with heavy-duty tow and roadside providers.
The startup’s technology tracks operator performance, dispatches jobs instantly, manages them end-to-end, and automates invoicing for faster turnaround. Replacing ineffective manual dispatching, Tow4Tech’s technology ensures the fastest, most efficient provider is selected. A pilot program with a top national fleet manager showed faster responses and return to road times, the company said.
“Tow4Tech is redefining how roadside assistance works for commercial fleets by bringing a level of speed, transparency, and efficiency to a fragmented, manual-heavy process,” said BrightCap Ventures Managing Partner Georgi Mitov. “Their team expansion into Romania further strengthens their ability to scale globally, tapping into our region’s exceptional engineering talent and setting the stage for European growth.”
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