What is Loadsmart?
Loadsmart leverages data science and innovative technology to address inefficiencies in the freight industry. Operating as 'the nerds of logistics,' the company provides shippers, brokers, and carriers with access to data connections that link supply and demand. Their suite of award-winning solutions aims to optimize the balance between cost and service, fostering a more efficient and environmentally responsible approach to transportation. Loadsmart's mission is to move more with less, creating a smarter logistics ecosystem.
How much funding has Loadsmart raised?
Loadsmart has raised a total of $344.7M across 7 funding rounds:
Unspecified
$3M
Debt
$10.1M
Series A
$21.6M
Series B
$19M
Debt
$1M
Series C
$90M
Series D
$200M
Unspecified (2014): $3M, investors not publicly disclosed
Debt (2016): $10.1M, investors not publicly disclosed
Series A (2018): $21.6M supported by Maersk, Connor Capital SB, and Chromo Invest
Series B (2019): $19M featuring Maersk and Ports America
Debt (2020): $1M backed by PPP
Series C (2020): $90M with participation from Maersk, BlackRock, Chromo Invest, and TFI International Inc
Series D (2022): $200M led by BlackRock, SoftBank Latin America Fund, and CSX Corporation
Key Investors in Loadsmart
Maersk
A.P. Moller-Maersk is an integrated container logistics company. They specialize in shipping and logistics, and are headquartered in Denmark.
BlackRock
BlackRock is a global investment management firm headquartered in New York City with operations across North America, Europe, Asia, and other regions. Founded in 1988, the company offers a comprehensive range of investment products and services including mutual funds, exchange-traded funds (ETFs), and alternative investments.
Chromo Invest
Chromo Invest is a investment studio. It offers Private Credit, Real Estate, Private Equity / PIPE, Venture Capital, Real Estate Assets. The company was formed in 2013 and is based in Rio Grande, Brazil.
What's next for Loadsmart?
With its recent enterprise-level funding, Loadsmart is poised for accelerated growth and further technological development. The substantial capital infusion, particularly the major strategic investment, suggests a focus on expanding market reach, enhancing its data analytics capabilities, and potentially exploring new service offerings. This backing will likely enable Loadsmart to solidify its position as a leader in freight technology, driving further innovation in supply chain efficiency and sustainability. The company's trajectory indicates a strong commitment to transforming the future of freight through intelligent data utilization.
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