Total amount raised
$346.4 Millions
Latest funding date
09/01/2022
Location
Loadsmart has successfully raised funding through multiple rounds, attracting a diverse group of 18 investors, including Unpopular Ventures and FJ Labs. The company continues to innovate in the logistics sector, offering a range of solutions from freight brokerage to advanced transportation management systems.
Keep reading to explore the intricacies of Loadsmart's fundraising journey and the investors backing this dynamic platform.
What Is Loadsmart?
Loadsmart, founded in 2014 by Felipe Capella and Ricardo Salgado, operates in the logistics, supply chain management, and transportation industries. The company is based in Chicago, Illinois, and employs between 501 and 1000 people.
Loadsmart offers a range of services designed to streamline logistics processes, including managed transportation, transportation management systems (TMS), dock scheduling, digital brokerage, and AI applications. Their platform helps shippers move freight efficiently while ensuring carriers keep their trucks full.
How Much Funding Has Loadsmart Raised?
- Funding Round: Convertible Note
- Amount Raised: $10.1M
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and technology development.
- Funding Round: Venture Round
- Amount Raised: $3M
- Date: December 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish initial operations and market presence.
- Funding Round: Series A
- Amount Raised: $21.6M
- Date: October 2018
- Lead Investors: Chromo Invest, Connor Capital SB, Maersk Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and enhance technology platform.
- Funding Round: Venture Round
- Amount Raised: $21.7M
- Date: September 2019
- Lead Investors: Chromo Invest, Connor Capital SB
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Funding Round: Series C
- Amount Raised: $90M
- Date: November 2020
- Lead Investors: BlackRock Innovation Capital, Chromo Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technologies.
- Funding Round: Series D
- Amount Raised: $200M
- Date: February 2022
- Lead Investors: SoftBank Latin America Ventures
- Valuation at Round: $1.3 billion
- Motivation Behind the Round: To expand technology offerings and improve supply chain efficiency.
- Funding Round: Undisclosed
- Amount Raised: Not publicly disclosed
- Date: September 2022
- Lead Investors: Unpopular Ventures, FJ Labs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and enhancing service capabilities.
Total Amount Raised: $346.4M
Current Valuation: $1.3 billion
Key Investors
- SoftBank Latin America Fund
- Details: Part of the SoftBank Group, this fund focuses on investing in technology companies in Latin America. It led Loadsmart's Series D financing round.
- Investment Focus Areas: Technology, digital transformation, scalable platforms.
- Notable Investments: Rappi, Loggi, QuintoAndar.
- BlackRock
- Details: A global investment management corporation, BlackRock participated in Loadsmart's Series D financing round. It manages funds and accounts for a wide range of investors.
- Investment Focus Areas: Equities, fixed income, real estate, alternative investments.
- Notable Investments: Uber, Airbnb, Palantir Technologies.
- Janus Henderson Group
- Details: A global active asset manager, Janus Henderson Group participated in Loadsmart's Series D financing round. It provides investment solutions to clients worldwide.
- Investment Focus Areas: Equities, fixed income, multi-asset, alternative asset classes.
- Notable Investments: Tesla, Amazon, Alphabet Inc.
- CSX Corporation
- Details: A leading rail transportation supplier in North America, CSX Corporation participated in Loadsmart's Series D financing round. It focuses on enhancing transportation efficiency.
- Investment Focus Areas: Rail transportation, logistics, supply chain solutions.
- Notable Investments: Rail infrastructure and technology to improve logistics and transportation efficiency.
- Chromo Invest
- Details: Chromo Invest is a venture capital firm that has been a key investor in Loadsmart's Series A and Series C rounds. It focuses on high-growth potential companies.
- Investment Focus Areas: Technology, logistics, transportation.
- Notable Investments: Not publicly disclosed.
What's Next for Loadsmart?
Loadsmart stands at the cusp of significant opportunities, driven by its advanced technology offerings and strategic partnerships. The company is poised to expand its services, connecting shippers, carriers, brokers, and warehouses, thereby increasing efficiency and transparency in the supply chain. With access to over $2 billion of freight per quarter and a carrier network of more than 680,000 trucks, the potential for growth is immense.
Future fundraising opportunities appear promising, with potential for further investment rounds to support rapid technology expansion and market reach. Strategic investments from industry leaders like CSX Corp. and Maersk will likely foster collaboration and innovation, ensuring Loadsmart remains at the forefront of the logistics sector.
However, challenges such as maintaining sustainable growth, integrating new technologies, and competing with other digital freight technology companies could pose hurdles. Addressing these issues will be crucial for Loadsmart as it navigates the evolving logistics landscape, aiming to enhance its technology offerings and improve supply chain efficiency.
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