+ Equity package
Digital freight company for B2B trucking
Open for applications
Digital freight company for B2B trucking
501-1000 employees
Open for applications
+ Equity package
501-1000 employees
To leverage cutting-edge technology and strategic partnerships to help their shipper and carrier customers move more with less.
Freight services involve many parties including shippers, dispatchers, drivers, and dock managers. Insurance and safety checks are required for everyone involved, a process that makes the truck shipping process more expensive, time-consuming, and less efficient than it could be.
Loadsmart provides an online portal that handles booking, insurance legislation, and health and safety regulations all within an integrated platform. This digital integration leads to parties receiving instant and guaranteed shipping, offering full financial coverage in the event of any discrepancies.
The startup has raised significant amounts of funding, most recently in a 2022 Series D Round which saw the company achieving a valuation in excess of $1 billion. It has used this funding to expand its partnership network and to fuel its acquisitions strategy. In the longer term the company's focus on organic growth will stand it in good stead as it will allow it to avoid aggressive pricing structures which would make it difficult to achieve profitability given thge razor-thin margins in the freight industry.
Freddie
Company Specialist at Welcome to the Jungle
Feb 2022
$200m
SERIES D
Nov 2020
$90m
SERIES C
Chicago Loop, Chicago, IL
Felipe Capella
(Co-CEO)Previously Attorney at Inter-American Development Bank for 1 year and Professor of Bankruptcy and Restructuring at Universidade Federal de Santa Catarina for 2 years.
Ricardo Salgado
(Executive Chairman)Previously worked for 14 years at Goldman Sachs, holding various positions such as Vice President, Head of Capital Structure Investing, Managing Director, and Principal Investing.
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