Freight Forwarding Tech Sees More Investment

Logixboard raised $13 million in its recent investment round, showcasing an increased interest in modern freight forwarding.

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Redpoint Ventures led a $13 million Series A investment round of Logixboard, a customer experience platform for freight forwarders. The investment round supports Logixboard's mission to create an Amazon-like experience for freight forwarders and their customers, increasing visibility and transparency. Other investment participants include Social Leverage, F-Prime Capital, Founders Co-op, Techstars Ventures and more.

Per PR Newswire: 

  • Without the help of solutions like Logixboard freight forwarding customers are forced to hunt down updates via text, email, or phone calls. Additionally, freight forwarders are experiencing an uptick in request for proposals (RFP) that specify the need for a digital platform for managing their shipments.
  • Furthering its commitment to becoming the industry standard for an all-in-one customer experience management platform for freight forwarders, Logixboard just recently launched its ETA feature to help offer more transparency into estimated time of arrival variances. The company also plans to use the new funding to continue building additional integrations and products that will offer increased stakeholder communication and real-time visibility, as well as new functions such as in-platform quoting and bookings.