Loadsmart Raises $19M in Funding

Loadsmart, a Chicago, IL- and NYC-based digital freight technology company, raised $19m in funding.

Backers included Ports America, Maersk Growth, Chromo Invest and Connor Capital SB.

This latest round follows Loadsmart’s series A round in late 2018, bringing total funding to date to $53.4m.

The company intends to use the funds for its new Smart Drayage initiative.

Co-founded by Ricardo Salgado, CEO, and Felipe Capella, chief product officer, Loadsmart is a digital freight platform that specializes in truckload and intermodal shipping. The company is leveraging data and machine learning to build artificial intelligence processes into the complex freight cycle, allowing shippers to book a truck in seconds and providing instant and targeted loads to carriers.

The announcement comes together with the release of Loadsmart Drayage Instant Booking. The new service is available via the company’s website and enables small and medium-sized shippers to book a drayage truck in seconds.

For enterprise accounts Loadsmart offers an API integrated solution.

Source. FinSMEs, September 6, 2019

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