Open Mile Receives $3M Loan from NXT Capital Venture Finance

Open Mile, a Boston, MA-based online logistics provider, has received a $3m loan from NXT Capital Venture Finance.

The company intends to use the capital to finance some key growth initiatives.

Led by CEO Evan Schumacher, Open Mile is an online logistics provider operating in the $60 billion transportation brokerage industry. Its solutions are designed to help both shippers and trucking companies efficiently connects supply and demand, through a self-service transportation brokerage engine, which replaces the traditionally
manual phone and fax-based task of matching freight loads to available trucks.

The company is backed by Charles River Ventures and Globespan Capital Partners.



Join the discussion