Transfix, a NYC-based provider of an on-demand trucking platform, raised $22m in Series B funding.
The round was led by new investor New Enterprise Associates (NEA) with participation from existing investors Canvas Ventures, Lerer Hippeau Ventures, and Corigin Ventures. In conjunction with the funding, Scott Sandell, managing general partner, NEA, will be joining Transfix’ board of directors.
The company, which has raised $35.8M in capital, intends to use the funds toward continued investment in technology and expanded product offerings.
Launched in August 2013 by Drew McElroy, CEO, Transfix has created an online marketplace for the trucking and logistics industry, providing a platform that matches shipments with available trucks.
The company also offers:
– a mobile app (iOS & Android) that allows drivers to communicate load details and other features
– a free FMS (Fleet Management System) for trucking companies to manage their drivers and streamline their business.
– a dashboard with real time shipment locations, alerts, and customized analytics for shippers.