fund raising

Paxafe raises $9M, highlights 330% revenue growth over past year

Paxafe, an AI software provider for the cold chain market, announced Tuesday it has closed on a $9 million Series A funding round led by Framework Venture Partners with participation from Microsoft venture capital fund M12, Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels and Mama Ventures.

This round also included previous investors Ubiquity Ventures and Venture 53, which led Paxafe’s seed round in 2022. The company has raised $14 million since founding in 2018.

Paxafe plans...

https://www.freightwaves.com/news/paxafe-raises-9m-highlights-330-revenue-growth-over-past-year

Terminal49 secures $6.5M to help pave ‘journey to automate global trade’

Ocean visibility provider Terminal49 announced it has closed a $6.5 million Series A round led by Stage 2 Capital and Grand Venture Partners as the company looks to ramp up its technology offerings to compete in the growing real-time visibility space.

“Visibility tools will be table stakes technology for importers, truckers and customs brokers,” Akshay Dodeja, Terminal49’s co-founder and chief executive officer, told FreightWaves. “Although, they don’t want to just track containers. They want to...

Logixboard raises $32M to support freight forwarders’ growth

Seattle-based Logixboard announced Wednesday it has closed on a $32 million series B round led by by Insight Partners with participation from existing investors including Redpoint Ventures, F-Prime Capital, Social Leverage and Founders’ Co-op to continue expanding the capabilities of its white-label platform for freight forwarders and logistics providers.

Logixboard raised $13 million in a series A round led by Redpoint Ventures in April and has raised a total of $50.8 million since 2016.

“We are...

https://www.freightwaves.com/news/logixboard-raises-32m-to-support-freight-forwarders-growth