About Open Mile
Open Mile is a company based in Boston (United States) founded in 2010 was acquired by Echo Global Logistics in March 2013. Open Mile has raised $9 million across 2 funding rounds from investors including Echo Global Logistics, NXT Capital and Globespan Capital Partners. Open Mile operates in a competitive market with competitors including Echo Global Logistics, Transfix, uShip, Uber Freight and Loadsmart, among others.
- Headquarter Boston, 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
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$9 M (USD)
in 2 rounds
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Latest Funding Round
$3 M (USD), Series B
Mar 01, 2012
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Investors
Echo Global Logistics
& 3 more
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Employee Count
Not available
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Acquired by
Echo Global Logistics
(Mar 19, 2013)
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Funding Insights of Open Mile
Open Mile has successfully raised a total of $9M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $3 million completed in March 2012. 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.
Investors in Open Mile
Open Mile has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Echo Global Logistics, NXT Capital and Globespan Capital Partners.
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Cash-flow based finance solutions are offered via private debt funds.
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VC firm investing in companies in the US
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CRV is recognized as a venture capital firm investing in technology startups.
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Investor details for Open Mile
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Investments & Acquisitions by Open Mile
Investment portfolio details for Open Mile
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Financial Statements - Open Mile
Detailed financials for Open Mile
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Open Mile Comparisons
Peer comparison for Open Mile
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Competitors of Open Mile
Open Mile 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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Technology-enabled supply chain and transportation services are provided to enterprises.
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Offers a marketplace providing on-demand load matching and freight booking services
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Global online marketplace for freight and vehicle shipping is facilitated.
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Trucking carriers are matched with shippers via an online marketplace.
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Trucking services are booked via an online marketplace platform.
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Web-based payment solutions are offered for trucking operations.
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Detailed competitors of Open Mile
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Latest news on Open Mile
Complete news archive for Open Mile
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Frequently Asked Questions about Open Mile
Open Mile was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Open Mile is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Open Mile is a funded company, having raised a total of $9M across 2 funding rounds to date.
Open Mile was founded in 2010 in Boston, United States, within the transportation sector. Cloud-based technology is utilized to automate manual processes in freight management. An online brokerage platform is operated to match shippers requiring goods transport with available trucking companies. Services focus on streamlining logistics operations across the United States.
Open Mile's top competitors include uShip, Transfix and Uber Freight.
Open Mile has 4 investors. Key investors include Echo Global Logistics, NXT Capital, Globespan Capital Partners, and CRV.