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.