Arrive Logistics, an Austin, Texas-based technology-powered freight brokerage, closed a $25m Series B equity financing.
The round was led by existing investors Lead Edge Capital.
The company intends to use the funds to accelerate investments in proprietary technology and further build the team,
Founded in 2014 by Matt Pyatt, CEO, Arrive Logistics is a technology-powered transportation service provider for carriers and shippers.
The company, which has more than 800 employees with offices in Chicago, Chattanooga, Tenn. and Austin, Texas, expects revenue of $600m in 2019.