Loadsmart Raises $90M to Strengthen Its Digital Freight Dominance
Leading digital freight platform Loadsmart has closed a $90 million Series C funding round, spearheaded by BlackRock-managed funds and co-led by Chromo Invest. This investment will accelerate the company’s mission to deliver comprehensive, end-to-end logistics solutions for freight customers worldwide.
Key Investors and Strategic Partnerships
The funding round attracted major industry players, including:
- TFI International: A logistics giant participating as both an investor and strategic collaborator
- Maersk: A global shipping leader reinvesting after backing Loadsmart since its Series A
Remarkable Growth Metrics
Despite economic uncertainties in 2020, Loadsmart achieved:
- 250% revenue growth year-over-year
- Flat operating expenses while scaling operations
The company emphasizes its organic growth strategy, contrasting with compe*****s who rely on price subsidies to attract customers.
Platform Expansion and Industry Impact
Loadsmart’s digital freight solution now offers:
- Multi-modal transportation (land, rail, and port shipping)
- Partial truckload capabilities (a recent addition)
- Single-platform management for all freight needs
Why This Matters for Logistics
This funding round positions Loadsmart to:
- Deepen industry expertise through strategic partnerships
- Expand service offerings for shippers and carriers
- Further digitize and streamline freight management
The company’s ability to attract top-tier investors while maintaining financial discipline signals strong confidence in its technology-driven approach to modernizing freight logistics.
