With 'fuel in the tank', HDVI’s Spitz says trucking insurtech focused on enterprise value

HDVI Aims for Profitability with New Funding

Trucking insurtech HDVI is on a mission to enhance its enterprise value following a recent influx of funding. Co-founder and CEO Reid Spitz shared insights on the company's strategic direction in a recent interview.

Funding Boost

Earlier this year, HDVI secured new financial backing that Spitz describes as "fuel in the tank." This funding aims to support the company’s plans for growth and improved profitability. While many startups focus on scaling rapidly, HDVI is prioritizing financial health, wanting to ensure they can operate sustainably in the long run.

Key Objectives

Spitz highlighted that the main goals for HDVI include enhancing the development of their insurance technology and expanding their service offerings. By focusing on these areas, the company hopes to create substantial enterprise value, making them more competitive in a crowded market.

Impact on the Industry

The trucking insurance sector has seen significant advancements in technology, and HDVI aims to capitalize on this trend. Their approach could signal a shift in how insurtech companies prioritize profitability alongside innovation, potentially affecting other players in the industry as well.

Conclusion

With its sights set on sturdy financial foundations and a commitment to technological growth, HDVI is carving out a space for itself in the insurtech landscape. The focus on enterprise value could serve as a model for other startups in the insurance field.

Original Source: https://www.theinsurer.com/ti/interview/with-fuel-in-the-tank-hdvis-spitz-says-trucking-insurtech-focused-on-enterprise-2025-07-01/