Today, I’m thrilled to announce that Logixboard has raised a $13M Series A round of financing, bringing our total raised to $19M. Annie Kadavy from Redpoint Ventures led the round, with continued participation from Social Leverage, F-Prime Capital, Founders Co-op, Techstars Ventures, Liquid 2 Ventures, Bragiel Brothers, Community Access Fund, and others.
While this marks an exciting and defining moment for Logixboard, my overwhelming feeling is that of gratitude.
I’m thankful to welcome such a fantastic group of investors to help lead the journey of changing the world of freight forwarding with us. With their support, we’ll scale our product and team to continue serving freight forwarders and logistics service providers across the globe.
I’m thankful to our earliest customers, who took a giant leap of faith in partnering with us as we built our business and product from the ground up. Their dedication to our mission and openness to help guide us in navigating the world of freight has been instrumental to our success and helped us build the leading product in the market used by freight forwarders in over ten countries.
I’m also thankful to our teammates, advisors, and mentors, who have worked tirelessly to help us build a company and product that is changing how companies and people think about moving their goods across international borders. Your unwavering support and commitment to our mission have put us in the position for growth that we have today.
Our reason for raising a new round of financing is simple – we’d like to continue investing in our customers and building the modern software platform that can help freight forwarders globally transition to the digital age. Effectively, this round of investment opens up a new phase of our journey, allowing us to deploy resources across the board and double down our mission to transform the multi-trillion-dollar freight industry.
How we’ll use the round of financing:
We are honored to have demand from freight forwarders of all different sizes, regions, and niches for our product and capabilities. We want to open up the ability to service all of them and democratize access to our digital offerings. In the next phase of our journey, we’ll be building out integrations to a variety of freight management and transportation management systems to increase the coverage of the companies that we can support in their digital transformation. If you’d like to chat with our team about us working together, please reach out to us here.
New product capabilities and functionalities:
A key pillar of our success has been listening relentlessly to our customers to understand their pains and challenges. Over the past 24-months, we’ve further reinforced our understanding that the world of freight forwarding is vast, and so are its challenges and opportunities. As such, we’ll be investing heavily into product development to continue helping companies manage and evolve their operations, working on product capabilities like online quoting, bookings, order management functionalities, richer analytics, and more.
Increase our team size:
I’m incredibly proud of the team that we have assembled. Today, we are 24 strong and plan to grow our team to over 60 people in the next 12 months across the US and Argentina. We’ll be hiring folks across the board and looking for great teammates to partner with on all aspects of our organization. We’ve posted some of the roles we’re hiring for here and will be posting many more over the coming weeks.
From our inception, we set out to change the world of international freight with seamless technology and experiences and are excited and eager to continue supporting our customers, and those to come, in their digital journey. This round of financing is our commitment to our customers and team to continue making our dream a reality.