About Freight Friend
Freight Friend is a company based in Chicago (United States) founded in 2011 was acquired by Truckstop.com in July 2023.. Freight Friend offers products and services including Load Board, Factoring, TMS, and RMIS. Freight Friend operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and Loadsmart, among others.
- Headquarter Chicago, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Truckstop.com
(Jul 18, 2023)
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Products & Services of Freight Friend
Freight Friend offers a comprehensive portfolio of products and services, including Load Board, Factoring, TMS, and RMIS. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for finding and posting available loads in trucking.
Service for quick payments on freight invoices.
System to manage transportation operations efficiently.
Tool for monitoring carriers and fighting fraud.
Funding Insights of Freight Friend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Freight Friend
Freight Friend has secured backing from 1 investor. Prominent investors backing the company include Truckstop.com. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Online load board integrated with freight management functionalities
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Freight Friend
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Freight Friend
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freight Friend Comparisons
Competitors of Freight Friend
Freight Friend operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Echo Global Logistics, Transfix, uShip, Uber Freight and Loadsmart, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Technology-enabled supply chain and transportation services are provided to enterprises.
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| domain | founded_year | HQ Location |
Offers a marketplace providing on-demand load matching and freight booking services
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| domain | founded_year | HQ Location |
Global online marketplace for freight and vehicle shipping is facilitated.
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| domain | founded_year | HQ Location |
Trucking carriers are matched with shippers via an online marketplace.
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| domain | founded_year | HQ Location |
Trucking services are booked via an online marketplace platform.
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| domain | founded_year | HQ Location |
Web-based payment solutions are offered for trucking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Freight Friend
Frequently Asked Questions about Freight Friend
When was Freight Friend founded?
Freight Friend was founded in 2011.
Where is Freight Friend located?
Freight Friend is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
What does Freight Friend do?
Freight Friend was established in 2011 in Chicago, United States, within the logistics sector. A web-based platform is maintained to enable shippers in building centralized networks of transportation partners. Requirements are specified for matching freight loads with carriers available equipment. Posting, searching, and matching functionalities are supported to facilitate operations across the freight industry.
Who are the top competitors of Freight Friend?
Freight Friend's top competitors include uShip, Transfix and Uber Freight.
What products or services does Freight Friend offer?
Freight Friend offers Load Board, Factoring, TMS, and RMIS.
Who are Freight Friend's investors?
Freight Friend has 1 investor. Key investors include Truckstop.com.