Nov. 20, 2020
TechCrunch
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.
These materials have been prepared for informational purposes only and are not legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Internet subscribers and online readers should not act upon this information without seeking professional counsel.