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Freight forwarding software startup Logixboard lands $13M
April 27, 2021 at 11:01 pm
Logixboard co-founders Julian and Juan Alvarez. (Logixboard Photo)
New funding: Logixboard, a Seattle startup that helps companies manage and control their freight operations, raised a $13 million Series A round.
The tech: Founded in 2017 by brothers Julian and Juan Alvarez, Logixboard sells a customer engagement platform for the freight forwarding industry. The idea is to take a manual process managing freight shipments by phone, email, Excel, etc. and instead use software to automate parts of the process while providing data insights. Logixboard says it helps customers win or win back contracts from Flexport, the freight forwarding startup that was valued at $3.2 billion in 2019.
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Logixboard, a white-label platform for freight forwarders, has announced it has closed a $13 million Series A investment led by Redpoint Ventures, including continued investment from Social Leverage, F-Prime Capital Partners and Founders Co-op. The company has raised a total of $18.8 million since 2016.
Logixboard s platform enables freight forwarders to create a customized digital experience for their customers, creating a transparent environment that mirrors shipment tracking platforms like Amazon.
In an interview with FreightWaves, Julian Alvarez, the chief executive officer and co-founder of Logixboard, described the company s innovative platform, its Series A investment and what he hopes to achieve with those funds.
Logixboard Raises $13M Series A from Redpoint Ventures to Power the Future of Modern Freight Forwarding
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SEATTLE, April 28, 2021 /PRNewswire/
Logixboard, the modern customer experience platform for freight forwarders, closed a $13M investment led by Redpoint Ventures, with continued participation from Social Leverage, F-Prime Capital, Founders Co-op, Techstars Ventures, and others.
Freight forwarders that handle the logistics of shipping trillions of dollars worth of the most high-cost, stakes, and volume goods such as vaccines, medical supplies, and machinery parts, have long lacked a modern digital platform for managing their customer s experience.
Logixboard s platform allows freight forwarders to offer the same digital experience and level of shipment transparency to their customers that they have become accustomed to from consumer shipment trackers offered by the likes of Amazon, Wayfair, and Chewy. Without the help of solutions like
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