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Transfix, Inc. , known for its Intelligent Freight Platform™, has successfully closed its Series F funding round. The round, which amassed $40 million, was spearheaded by New Enterprise Associates (NEA) and G Squared, with Canvas also participating.
Strengthening Financial Position
The newly acquired capital bolsters Transfix’s financial standing, paving the way for profitability. This funding not only showcases the investors’ trust in Transfix’s unique approach—melding top-tier technology with a data-driven team—but also underscores their belief in the company’s potential, especially in a challenging market.
A Commitment to Excellence
Jonathan Salama, the Co-Founder and CEO of Transfix, expressed his pride in the company’s unwavering dedication to refining their core business. He emphasized their tech-enabled brokerage and software solutions tailored for shippers and carriers. Despite the hurdles in the freight market, Salama highlighted the team’s resilience and continuous momentum.
Endorsements from Leading Investors
Carmen Chang, Partner and Head of Asia at NEA, voiced her belief in Transfix’s innovative solutions, which cater to the current freight market’s demands. She also reiterated NEA’s ongoing confidence in Transfix’s strategic direction and leadership. Similarly, Larry Aschebrook, the Founder & Managing Partner at G Squared, lauded Transfix’s determination, innovation, and customer-centric approach.
About Transfix
Transfix is revolutionizing the supply chain industry with its Intelligent Freight Platform™. The platform, a blend of advanced machine-learning technology, user-friendly software, and supply chain expertise, empowers organizations to enhance performance and reliability. Presently, Transfix connects shippers with almost 30,000 carriers, offering real-time freight matching and the necessary visibility to boost supply chain efficiency and sustainability.
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