Next, a Lynwood, CA-based tech company that connects shippers and carriers to meet transportation demand, secured $97m in series C financing.
The round, which brought total capital raised to date to more than $125m, was led by Brookfield Ventures, with participation from Sequoia Capital, GLP, and others.
The company will use the funds to expand their technology, operations, and sales teams, accelerate product innovation and launch Relay, a new service designed to address the systemic congestion at shipping ports like the ports of Los Angeles and Long Beach.
Led by Lidia Yan, CEO, Next is a technology company that connects shippers and carriers. With smart matching and predictive load technologies, the company matches truck drivers with capacity to available loads, streamlining the process and providing them with full control over their careers.
Relay is currently live at its Gardena, CA facility and has already seen early success in pilot.
The company expects to open more than 150 new positions in 2019.