googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-3’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-3’); });
While venture capital investment in startups has slowed over the last several quarters, funding...
GoFreight, a Los Angeles-based provider of cloud-based software for the freight forwarding industry, recently announced it raised $23 million through a Series A funding round.
Flex Capital and Headline led the fundraise, with participation from FX Venture Partners, Palm Drive Capital, Mucker Capital, Cornerstone Ventures and Red Building Capital.
GoFreight CEO Trenton Chen said the infusion of cash will go toward expanding the company’s workforce and product offerings.
“We will continue to invest...
https://www.freightwaves.com/news/gofreight-raises-23m-to-match-small-midsized-shippers-to-carriers
Supply chain volatility this past year has put tremendous pressure on freight brokers to manage the madness, pushing them to the limit as shipper requests multiply. It’s been equally frustrating for carriers looking to keep up with the fast pace of the industry.
Anthony Sutardja, CEO and co-founder of Parade, said it’s been challenging for some to build strong relationships and quickly find capacity amid such rapid growth. Worse, the exorbitant prices of FreightTech solutions have left many...
https://www.freightwaves.com/news/parade-equipping-freight-brokers-with-digital-blueprint
Last week’s securing of $12.7 million in investor funding shows that Parade isn’t just about raising money to accelerate its business; it’s also about building an investor syndicate of the best and brightest minds in both technology and freight to transform the industry from within.
The freight industry is incredibly complex and full of opportunity — but solutions are not always obvious. Parade has brought together the best technologists and industry experts to fundamentally improve how freight...
Truckload capacity management platform Parade announced Wednesday it has closed a $12.7 million series A led by Menlo Ventures with participation from Greenhawk Capital, Jones Capital, The House Fund, Oriza Ventures and a number of undisclosed angel investors within the FreightTech and supply chain communities.
Parade’s customer base grew by 500% last year and freight brokerages like brokerages like Armstrong Transport Group, Schneider and Worldwide Express have leveraged the capacity management...
https://www.freightwaves.com/news/parade-raises-127m-to-speed-up-tech-enablement-for-freight-brokers
TMS provider Rose Rocket announced on Wednesday that it has closed on a $25 million Series A round led by Addition Capital and Shine Capital with participation from Ripple Ventures, ScaleUP Ventures, FundersClub, Y-Combinator and Kevin Mahaffey.
During last year’s FreightWaves FreightTech Venture Summit, co-founder and Chief Strategy Officer Justin Balile explained that at Rose Rocket’s takeoff in 2015, there was a need for a midmarket, enterprise-grade, cloud-based technology that would allow...
https://www.freightwaves.com/news/rose-rocket-raises-25-million-for-cloud-based-tms
Nowports, a Mexico-based digital freight forwarder, announced it has raised $16 million in Series A funding.
The capital will allow Nowports to continue digitizing supply chain services from Asia and the United States to ports across Latin America, company officials said.
“This investment allows us to continue strengthening our position in the region, not only in Mexico but in the four countries where we already have our own offices, as well as expanding our team in China,” Alfonso de los Rios,...
https://www.freightwaves.com/news/nowports-raises-16m-to-automate-latin-american-freight
Nuvocargo, a New York-based cross-border digital logistics startup, has raised $12 million in Series A funding in a round co-led by QED Investors.
The 2-year old company will use the funds to ramp up its product road map and hiring, officials said. The FreightTech firm and licensed customs broker works with shippers to move cargo between the U.S. and Mexico.
“Nuvocargo will soon offer products and services that help truckers, small and medium-sized businesses (SMBs), and businesses across...
https://www.freightwaves.com/news/nuvocargo-raises-12m-in-series-a-funding
What started as a way to help small truckers fill their trailers has grown into a full-fledged total dispatch solution for over-the-road owner-operators. SmartHop is now gaining plenty of support in its efforts to scale its business, including from heavy hitters such as RyderVentures.
SmartHop on Wednesday announced the close of a $12 million Series A funding round, led by Union Square Ventures and supported by RyderVentures, Equal Ventures and Greycroft. The new funding round brings SmartHop’s...
As quickly as e-commerce grew in 2020, direct-to-consumer (D2C) e-commerce sales grew even more, with some estimates pointing to sales up s much as six times over overall e-commerce. A McKinsey survey of U.S. consumers found that 75% reported a change in their shopping behavior and between 73% and 80% said they will continue their COVID-19-altered shopping habits.
D2C e-commerce sales were expected to exceed $18 billion in 2020, according to eMarketer. E-commerce company SamCart is cashing in on...
https://www.freightwaves.com/news/e-commerce-platform-samcart-closes-10m-series-a