{"id":29037,"date":"2022-02-01T23:39:06","date_gmt":"2022-02-01T20:39:06","guid":{"rendered":"https:\/\/www.al-sindbad.net\/loadsmart-valuation-hits-over-1-billion-after-funding-round\/29037\/"},"modified":"2022-02-01T23:39:06","modified_gmt":"2022-02-01T20:39:06","slug":"loadsmart-valuation-hits-over-1-billion-after-funding-round","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/loadsmart-valuation-hits-over-1-billion-after-funding-round\/29037\/","title":{"rendered":"Loadsmart Valuation Hits Over $1 Billion After Funding Round"},"content":{"rendered":"

<\/p>\n

\n

Freight tech firm Loadsmart Inc said on Tuesday it was valued at $1.3 billion in its latest funding round, led by SoftBank Latin America Fund and funds managed by BlackRock Inc.<\/p>\n

The company raised $200 million in the Series D funding round from investors including Janus Henderson Group and rail operator CSX Corp.<\/p>\n

Chicago-based Loadsmart, which helps shipping and trucking companies connect with customers through its platform, plans to use the proceeds to rapidly expand its technology offerings and increase supply chain efficiencies.<\/p>\n

Founded in 2014, Loadsmart said its carrier network has grown to more than 680,000 trucks, and experienced a 134% year-over-year revenue growth in 2021.<\/p>\n

The company saw its revenue more than triple in the fourth quarter of 2020, the year when it last raised $150 million in fresh capital.<\/p>\n

(Reuters – Reporting by Nathan Gomes)<\/em><\/p>\n<\/p><\/div>\n

maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"

Freight tech firm Loadsmart Inc said on Tuesday it was valued at $1.3 billion in its latest funding round, led by SoftBank Latin America Fund and funds managed by BlackRock Inc. The company raised $200 million in the Series D funding round from investors including Janus Henderson Group and rail operator CSX Corp. Chicago-based Loadsmart, …<\/p>\n","protected":false},"author":1,"featured_media":29038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-29037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/29037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=29037"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/29037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/29038"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=29037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=29037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=29037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}