Total amount raised
$346.4 Million
Latest funding date
09/01/2022
Location
Loadsmart has successfully raised funding over 8 rounds, with the latest round remaining undisclosed. The company is backed by 18 investors, including Unpopular Ventures and FJ Labs.
Keep reading to explore the intricacies of Loadsmart's fundraising journey and the investors backing this innovative platform.
What Is Loadsmart?
Loadsmart is a next-gen freight technology platform based in Chicago, Illinois. The company operates in the logistics, supply chain management, and transportation industries, aiming to lower costs, increase efficiency, and digitize transportation for shippers.
Founded with a vision to revolutionize freight operations, Loadsmart has grown to employ between 501 and 1000 people. The company offers a wide range of logistics solutions, including managed transportation, transportation management systems, dock scheduling, and digital brokerage.
How Much Funding Has Loadsmart Raised?
- Funding Round: Series A
- Amount Raised: USD 21,600,000
- Date: October 2018
- Lead Investors: Chromo Invest, Connor Capital SB, Maersk Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology for better logistics solutions.
- Funding Round: Series Unknown
- Amount Raised: USD 3,000,000
- Date: December 2014
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong market presence and develop initial technology offerings.
- Funding Round: Convertible Note
- Amount Raised: USD 10,100,000
- Date: August 2016
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and technology development.
- Funding Round: Series Unknown
- Amount Raised: USD 21,700,000
- Date: September 2019
- Lead Investors: Chromo Invest, Connor Capital SB
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and enhance technology infrastructure.
- Funding Round: Series C
- Amount Raised: USD 90,000,000
- Date: November 2020
- Lead Investors: BlackRock Innovation Capital, Chromo Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Funding Round: Series D
- Amount Raised: USD 200,000,000
- Date: February 2022
- Lead Investors: SoftBank Latin America Ventures
- Valuation at Round: USD 1,300,000,000
- Motivation Behind the Round: To expand technology offerings and increase efficiency and transparency in the supply chain.
- Funding Round: Undisclosed
- Date: September 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic growth initiatives and technology advancements.
Total Amount Raised: USD 346,400,000. Current Valuation: USD 1,300,000,000.
Key Investors
- SoftBank Latin America Fund
- Details: Part of the SoftBank Group, this fund focuses on investments in Latin America. It led Loadsmart's Series D financing round.
- Investment Focus Areas: Technology, digital transformation, scalable platforms.
- Notable Investments: Rappi, QuintoAndar, Loggi.
- BlackRock
- Details: BlackRock is a global investment management corporation. It participated in Loadsmart's Series C and Series D financing rounds.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Apple, Microsoft, Amazon.
- Janus Henderson Group
- Details: Janus Henderson Group is a global active asset manager. It participated in Loadsmart's Series D financing round.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Alphabet, Facebook, Alibaba.
- CSX Corporation
- Details: CSX Corporation is a leading rail transportation supplier in North America. It participated in Loadsmart's Series D financing round.
- Investment Focus Areas: Rail transportation, logistics, supply chain solutions.
- Notable Investments: Primarily focused on its own operations and infrastructure.
- Chromo Invest
- Details: Chromo Invest is a venture capital firm. It has been a key investor in multiple funding rounds for Loadsmart, including Series A and Series C.
- Investment Focus Areas: Technology, logistics, innovative solutions.
- Notable Investments: Not publicly disclosed.
What's Next for Loadsmart?
Loadsmart stands at the cusp of significant opportunities, driven by its technological advancements and strategic partnerships. With access to over $2 billion of freight per quarter and a carrier network of more than 680,000 trucks, the company is poised to expand its technology offerings and enhance efficiency and transparency in the supply chain.
Future fundraising opportunities appear promising, with potential for further investment rounds to support technological advancements and market expansion. Strategic partnerships with industry leaders like SoftBank and BlackRock could pave the way for additional funding and growth.
However, Loadsmart may face challenges such as competition from other digital freight technology companies and the need to maintain sustainable growth. Ensuring the adoption of new technologies by traditional logistics companies and addressing regulatory issues will be crucial for their continued success.
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