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Nov. 20, 2020
Partners Jackson Hwu, Leandro V. Molina, and Caio G.H. Prado represented investment firm Chromo Invest in a Series C funding round for leading digital freight technology company Loadsmart. Loadsmart offers a single online portal for booking freight transportation across land, rail, and through ports.
Loadsmart raised $90 million with management funds led by BlackRock and co-led by Chromo Invest. The funding will be used to continue to build out Loadsmart's platform by offering more logistics services to its customers through strategic investors like TFI International, a leader in the logistics space. The Series C round also saw renewed investment from Maersk, global oceanic shipping leader and investor since the Series A round. Loadsmart says revenues have increased by 250% during 2020, while its operating expenses remain flat.
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