The weak freight market has taken its toll on FreightTech valuations.
FreightWaves late Monday obtained a release showing digital freight marketplace Transfix is looking to raise a $50 million Series F at a $376 million valuation, a 60% reduction from the $940 million the New York City-based company was valued at in its last funding round in March 2020. A source attributed the valuation drop to “largely market forces.”
Transfix reportedly has secured $30 million in financing from New Enterprise...