What is Efreight Solutions?
Founded in 2005, Efreight Solutions specializes in developing Transportation Management System (TMS) platforms designed to streamline operations for both Shippers and Logistics Service Providers. The company has evolved into a rapidly growing software provider, enhancing its offerings through a sister company's brokers-broker model, which provides significant value-add to its TMS customer base by enabling internal cost savings on transportation spend. Efreight Solutions also supports businesses looking to expand their core service offerings and achieve business success. A notable joint venture in 2009 with Cosco Steamship lines established a platform extending Cosco's FCL and LCL services to North American small and mid-market logistics providers, offering competitive rates and service. Further innovation occurred in 2012 with the launch of a new software company targeting a different market segment, which quickly garnered over 100 customers.
How much funding has Efreight Solutions raised?
Efreight Solutions has raised a total of $1.5M across 1 funding round:
Private Equity
$1.5M
Private Equity (2016): $1.5M, investors not publicly disclosed
What's next for Efreight Solutions?
The substantial enterprise-level funding and recent strategic investment indicate Efreight Solutions is poised for a significant scaling phase. This capital infusion will likely fuel further development of its TMS platform, expansion of its brokerage enablement model, and potentially new market entries or acquisitions. The company's history of strategic partnerships and new venture launches suggests a forward-thinking approach, aiming to solidify its position as a key technology solutions provider in the transportation industry.
See full Efreight Solutions company page
