Transfix Secures $40 Million

Transfix is a leading digital freight marketplace that uses cutting-edge technology and data analytics to streamline the shipment process. The platform acts as a matchmaker, connecting shippers with carriers based on their unique requirements, thereby eliminating traditional intermediaries and directly bringing efficiency to the equation. Instead of spending hours making countless phone calls to find available carriers or freight loads, users can access the platform from anywhere at any time, quickly finding the best match. Shippers can easily compare rates, select carriers based on their ratings and reviews, and book shipments with a few clicks.

Transfix has raised $40 million in a Series F funding round led by New Enterprise Associates (NEA) and G Squared, with participation from Canvas. The fresh funding will strengthen Transfix’s financial position and support a path to profitability.

Transfix, New York, United States, was founded in 2013 by CEO Jonathan Salama and Chairman and President Drew McElroy. “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,” Jonathan Salama noted. “By staying focused, we continue to build momentum despite one of the most challenging markets in freight history.”

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