Transfix, the logistics intelligence software and truckload marketplace enabling efficient commerce, has raised a $42M Series C round. The round was led by New Enterprise Associates (NEA) and included participation from Canvas Ventures, Lerer Hippeau Ventures and other strategic investors.
“There is a lot of misinformation in the freight industry which creates pressure, impossible – and sometimes dangerous – deadlines, misdeliveries, and ultimately the failure to satisfy customers. It’s a problem that’s ecosystem-wide, not just limited to a single part or parcel. That’s why we’re focused on providing a comprehensive solution for the supply chain,” remarked Drew McElroy, founder and CEO, Transfix.
Transfix has raised a total of $78.5M in funding since its founding in 2013.
