Intelligent Freight Platform Transfix recently announced the closing of its Series F funding round, led by New Enterprise Associates (NEA) and G Squared, with participation from Canvas. And the new funding round further drives Transfix’s financial position, supports a path to profitability, and represents confidence from investors in the company’s differentiated approach, where superior technology and a data-backed team drive exceptional service and solutions for shippers and mid-sized carriers. It also represents the continued conviction of large institutional investors in the company’s business in an otherwise difficult market.
By combining enterprise-grade and machine-learning technology with intuitive software and dedicated supply chain experts, Transfix enables organizations to deliver high performance and high reliability, drive long-term strategy and capacity planning, take empty miles off the road, and optimize networks at scale. Transfix also connects shippers to nearly 30,000 carriers with real-time, many-to-many freight matching and the visibility they need to make their supply chains more efficient and environmentally responsible.
KEY QUOTES:
“Since day one, we have been relentlessly committed to optimizing, improving, and future-proofing our core business: our tech-enabled brokerage and software solutions for shippers and carriers. By staying focused, we continue to build momentum despite one of the most challenging markets in freight history. I am incredibly proud to be a member of this transformative and inspiring team.”
— Jonathan Salama, co-founder and Chief Executive Officer
“We believe that Transfix delivers innovative solutions that help companies optimize in today’s freight market, and will provide continued value into the future. Our investment represents our ongoing confidence in the company’s strategy and leadership, and we are looking forward to a continued successful partnership.”
— Carmen Chang, Partner and Head of Asia, NEA
“We have been continuously impressed by Transfix’s resilience, determination, and innovation. They don’t get side-tracked by ‘shiny object syndrome’. They, instead, build and refine against deeply-researched customer needs, and iterate to prepare for the future.”
— Larry Aschebrook, Founder & Managing Partner, G Squared
