Next Trucking, a Lynwood, CA-based trucker-centric online marketplace that connects carriers with shippers, raised $21m in Series B financing.
The round was led by Sequoia Capital. In conjunction with the funding, Sequoia partner Omar Hamoui will join the NEXT Trucking Board of Directors.
Led by Lidia Yan, CEO, Next Trucking provides a technology platform that connects carriers with shippers based on routes, pricing, driver behavior and other intelligent matching algorithms.
Truckers dictate what they want and post their availability on the marketplace before connecting with shippers.
For shippers, the platform provides access to a massive virtual fleet of independent carriers and total visibility of all shipments via the Shipment Dashboard, which includes timelines, route information and cost summaries, locations and status of shipments.
Fleet managers also have access to a management platform to book and dispatch loads and share capacity within the network.