Loadsmart, a NYC-based digital freight broker, raised $21.6m in series A funding.
The round, which brought total funding to date to $34.7m, was led by Maersk Growth, Connor Capital SB and Chromo Invest.
The company intends to use the funds to scale its operations team while doubling down on product and engineering.
Co-founded Ricardo Salgado and Felipe Capella, Loadsmart leverages artificial intelligence to automate the truckload booking flow in the United States. It provides instant prices to shippers with capacity guaranteed on all U.S. lanes. Through its automated platform, shippers can book a truck manually or integrate via an API to have a server-to-server booking with no human intervention.
The company also signed a strategic partnership with funds managed by Oaktree Capital Management, L.P., with a broad goal of collaborating in ways that are mutually beneficial to both organizations.