Arrive Logistics, a Chicago, IL- and Austin, Texas-based next-generation freight broker, closed a significant round of funding.
The round was led by Lead Edge Capital.
The company will use the funds to continue to expand operations.
Co-founded in 2014 by Matt Pyatt, CEO, and Eric Dunigan, President, Arrive Logistics is a transportation service provider collaborating with shippers and carriers to deliver brokerage and transportation management services.
The company generated $30M of revenue in first-year sales and grew to $145M in 2017. It is on track to generate more than $330M in revenue in 2018.
Arrive now has a team of more than 450 people spanning two major U.S. cities (Chicago and Austin).