About Loadsmart
Loadsmart is a company based in New York (United States) founded in 2014 by Ricardo Salgado.. Loadsmart has raised $383.6 million across 6 funding rounds from investors including Maersk, BlackRock and Oaktree Capital Management. Loadsmart has completed 3 acquisitions, including Carrier TMS, NavTrac and Opendock. Loadsmart operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and Truckstop.com, among others.
- Headquarter New York, United States
- Founders Ricardo Salgado
- Stage Unicorn
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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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Total Equity Funding
$383.6 M (USD)
in 6 rounds
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Latest Funding Round
$250 M (USD), Series D
Feb 01, 2022
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Investors
Maersk
& 11 more
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Employee Count
Employee Count
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Investments & Acquisitions
Carrier TMS
& 2 more
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Funding Insights of Loadsmart
Loadsmart has successfully raised a total of $383.6M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $250 million completed in February 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series D — $250.0M
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First Round
First Round
(18 Dec 2014)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series D - Loadsmart | Valuation | SoftBank Latin America Fund | |
| Nov, 2020 | Amount | Series C - Loadsmart | Valuation | BlackRock , Chromo Invest | |
| Sep, 2019 | Amount | Series B - Loadsmart | Valuation | Maersk Growth , Ports America |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 Loadsmart
Loadsmart has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include Maersk, BlackRock and Oaktree Capital Management. 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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Venture capital is invested in multiple sectors by the fund.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments.
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Founded Year | Domain | Location | |
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A private investment partnership focused on transportation sector investments.
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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 Loadsmart
Loadsmart has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Carrier TMS, NavTrac and Opendock. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Dock scheduling software
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2018 | ||||
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Analytics platform is integrated for trucking industry data and fleets.
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2016 | ||||
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Fleet management solutions are offered for diverse transportation applications.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Loadsmart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Loadsmart Comparisons
Competitors of Loadsmart
Loadsmart 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 Truckstop.com, 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 |
|---|---|---|---|---|
| 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 |
Online load board integrated with freight management functionalities
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| domain | founded_year | HQ Location |
Truckers are connected to on-demand freight via a digital platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Loadsmart
Frequently Asked Questions about Loadsmart
When was Loadsmart founded?
Loadsmart was founded in 2014.
Where is Loadsmart located?
Loadsmart is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Loadsmart a funded company?
Loadsmart is a funded company, having raised a total of $383.6M across 6 funding rounds to date. The company's 1st funding round was a Series B of $19M, raised on Dec 18, 2014.
What does Loadsmart do?
Loadsmart is an online marketplace for booking trucking services. Users can generate instant quotes by providing pick-up and delivery addresses and booking a truck. It also provides real-time shipment visibility, access to a curated carrier base, and electronic documentation. Carriers benefit from geo-targeted business as well as a free fleet management solution. The platform is free for shippers and the carriers are charged on a commission basis.
Who are the top competitors of Loadsmart?
Loadsmart's top competitors include uShip, Transfix and Uber Freight.
How many acquisitions has Loadsmart made?
Loadsmart has made 3 acquisitions, including Carrier TMS, NavTrac, and Opendock.
Who are Loadsmart's investors?
Loadsmart has 12 investors. Key investors include Maersk, BlackRock, Oaktree Capital Management, CSX Corporation, and Janus Henderson Investors.
What is Loadsmart's valuation?
The valuation of Loadsmart is $1.3B as of Feb 2022.
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