Overview

Loadsmart offers a logistics technology platform that helps shippers, carriers, and brokers manage their supply chains by allowing instant freight booking and access to real-time pricing. The platform optimizes the freight procurement process with services like Full Truckload and multimodal shipping, enabling users to quickly price routes and match them with available carriers. Loadsmart stands out from competitors by providing user-friendly technology and data-driven solutions that streamline logistics operations. The company's goal is to make freight management more efficient and cost-effective.

Simplify's Take

What believers are saying

• The launch of FreightIntel AI enhances Loadsmart's freight analytics capabilities.
• Acquisition of NavTrac boosts Loadsmart's computer vision and asset management.
• Partnership with e2open expands Loadsmart's access to over 45,000 carrier partners.

What critics are saying

• Increased competition from digital freight platforms like Convoy and Uber Freight.
• Challenges in integrating NavTrac's technology without disrupting operations.
• Dependence on partnerships like e2open for service offerings and competitiveness.

What makes Loadsmart unique

• Loadsmart offers real-time pricing and instant freight booking through its platform.
• The company integrates AI and machine learning for predictive logistics analytics.
• Loadsmart's ShipperGuide Marketplace connects shippers with a trusted network of carriers.

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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