Overview

Loadsmart provides a logistics technology platform that helps shippers, carriers, and brokers manage their supply chains more effectively. The platform allows users to book freight instantly and access real-time pricing, utilizing multiple forms of transportation such as trucks, trains, and ships. Loadsmart focuses on optimizing the freight procurement process, offering services like Full Truckload (FTL) and multimodal shipping. Their business model includes technology solutions that streamline logistics operations, enabling clients to reduce costs and improve efficiency. For instance, shippers can quickly price numerous routes and match them with the best carriers using a user-friendly tool. Loadsmart also offers mobile apps for iOS and Android, along with Transportation Management System (TMS) integrations, to provide data insights and optimize freight movement. The goal of Loadsmart is to enhance the logistics industry by making freight management more efficient and cost-effective.

Simplify's Take

What believers are saying

• The ShipperGuide Marketplace streamlines freight matching, boosting operational efficiency.
• FreightIntel AI improves decision-making with actionable transportation insights.
• Loadsmart's partnership with e2open provides seamless access to instant pricing for shippers.

What critics are saying

• Increased competition from digital freight platforms like Convoy and Uber Freight.
• Potential integration challenges from the NavTrac acquisition may affect operational efficiency.
• Dependence on partnerships like e2open poses risks if disrupted or partners develop competing solutions.

What makes Loadsmart unique

• Loadsmart offers real-time pricing and instant freight booking through its platform.
• The company integrates advanced AI tools like FreightIntel AI for actionable insights.
• Loadsmart's acquisition of NavTrac enhances its yard and terminal management capabilities.

Help us improve and share your feedback! Did you find this helpful?

YesNo

Funding

Total Funding

$343.7M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

SoftBank

Notable Investors:

SoftBank

$200,000,000

Series D

Feb 2022

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$200M

View all funding stages