About Transfix
Transfix is a Transportation, Automotive & Logistics company based in New York (United States) founded in 2012 by Drew McElroy and Jonathan Salama. It offers a marketplace providing on-demand load matching and freight booking services. Transfix has raised $124.56 million across 8 funding rounds from investors including Canvas Ventures, MidCap Financial and Lerer Hippeau. Its website transfix.io draws about 89 thousand monthly visits. Transfix offers products and services including Custom Rate Prediction Suite, Spot Rate Predictor, Nationwide Contract Rate Predictor, RFP Workflow, and Custom Autobidder. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its competitors include Echo Global Logistics, uShip and Uber Freight; 3 of its 3 listed competitors have raised funding.
Company details
Transfix was founded in 2012 in New York, United States, within the logistics sector. An automated system is utilized to connect independent carriers and owner-operators with shippers for freight services. Shipments are entered into the platform, where drivers are matched based on factors such as empty mileage, availability, and performance history. Operations are managed, including route optimization and navigational support, across the freight booking process.
- Headquarters New York, United States
- Founders Drew McElroy, Jonathan Salama
- SectorsTransportation, Automotive & Logistics
- Website category Business and Consumer Services · Shipping and Logistics
- Website transfix.io
- Social LinkedIn X
- Legal Name Transfix
- Total Equity Funding$124.56M (USD)
in 8 rounds
- Latest Funding Round$40M (USD), Series F
Oct 2023
- InvestorsCanvas Ventures
& 7 more
Products & Services of Transfix
Transfix offers a comprehensive portfolio of products and services, including Custom Rate Prediction Suite, Spot Rate Predictor, Nationwide Contract Rate Predictor, RFP Workflow, and Custom Autobidder.
AI system for accurate freight bid predictions using historical data
Daily model for short-term freight rate forecasts and market analysis
Tool for long-term RFP pricing based on company performance
Platform for managing and tracking freight RFP submissions efficiently
System to automatically bid on freight loads via integrated TMS
Apps and channels of Transfix
Transfix publishes 1 mobile app with over 100K+ downloads.
Funding Insights of Transfix
Transfix has successfully raised a total of $124.56M across 8 strategic funding rounds. The most recent funding activity was a Series F round of $40 million completed in October 2023. 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 $124.56M
- Total Rounds 8
- Last Round Series F — $40M
- First Round $2M
(Aug 2014)
- Investors Count 8
All 8 funding rounds of Transfix with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2023 | $40M | Series F | – | New Enterprise Associates, G Squared | |
| Jun 2023 | $6.56M | Series C | – | – | – |
| Jun 2021 | $50M | Debt – Conventional | – | – | |
| Jul 2017 | $42M | Series C | – | New Enterprise Associates | |
| Jul 2016 | $22M | Series B | – | New Enterprise Associates | |
| Nov 2015 | $12M | Series A | – | Canvas Ventures | |
| May 2015 | $501,000 | Debt – Conventional | – | – | – |
| Aug 2014 | $2M | Seed | – | – | – |
8 investors in total: 8 institutional.
Investors in Transfix
Transfix has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Canvas Ventures, MidCap Financial and Lerer Hippeau.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are offered to startups by NEA. | nea.com | Menlo Park, United States | ||
Growth-stage technology companies are funded via primary and secondary investments. | gsquared.com | Chicago, United States | ||
VC firm making early stage investment in tech companies in the US | 2013 | canvas.vc | Portola Valley, United States | |
Private debt funds are managed across multiple sectors. | 2008 | midcapfinancial.com | Bethesda, United States | |
USA focused VC firm investing in seed and early stage startups | 2010 | lererhippeau.com | New York, United States | |
Tech focused Seed & Early stage VC firm investing primarily in the US | coriginventures.com | New York, United States | ||
Venture capital firm focused on tech sectors | foundercollective.com | Cambridge, United States | ||
Early stage VC firm investing in tech companies in the US | bowerycap.com | New York, United States |
Investor details for Transfix
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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People of Transfix
8 people are tracked at Transfix (8 in leadership).
| Name | Role | Group |
|---|---|---|
Drew McElroy | Co-Founder | Leadership |
Jonathan Salama | Co-Founder & CTO | Leadership |
Mike Brittain | VP, Engineering | Leadership |
Nick Smolansky | Chief Legal Officer & Corporate Secretary | Leadership |
Rachel Meranus | Chief Marketing Officer | Leadership |
Carly Gunby | VP, Sales, East | Leadership |
Brian Erickson | Chief Financial Officer | Leadership |
Leonard Tancuan | VP of Product | Leadership |
Complete people profiles for Transfix
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Transfix
3 dated milestones of Transfix across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Transfix is founded.
- Funding First funding round of $2.0M.
- Funding Latest funding round, Series F, of $40.0M.
Competitors of Transfix
Transfix has 3 listed competitors in our database, 3 of them funded. They include Echo Global Logistics, uShip and Uber Freight.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| echo.com | 2005 | Chicago, United States | $17.3M | 2,405 | Technology-enabled supply chain and transportation services are provided to enterprises. | |
| uship.com | 2003 | Austin, United States | $51.81M | 115 | Global online marketplace for freight and vehicle shipping is facilitated. | |
| uberfreight.com | 2017 | San Francisco, United States | $2.78B | Trucking carriers are matched with shippers via an online marketplace. |
Detailed competitors of Transfix
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Transfix
The website of Transfix (transfix.io) receives about 88.5K visits a month and ranks #436,063 among all websites worldwide, #2,215 in Shipping and Logistics.
- Monthly visits88.5K
▲ 53.3% vs previous month
- Unique visitors13.6K
per month
- Global rank#436,063
among all websites
- Category rank#2,215
Business and Consumer Services · Shipping and Logistics
- Bounce rate30%
- Pages per visit5.3
- Average visit4 min 17 sec
- DevicesDesktop 79% · Mobile 21%
Websites whose visitors overlap most with Transfix. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
navispherecarrier.com | navispherecarrier.com | 100% | #112,939 | – | |
| highway.com | 94% | 883.4K | #42,007 | View details | |
chrwtrucks.com | chrwtrucks.com | 78% | – |
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Transfix (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about Transfix
Complete news archive for Transfix
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Frequently Asked Questions about Transfix
Transfix was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Transfix is headquartered in New York, United States. It is registered at New York, New York, United States.
Transfix is a funded company, having raised a total of $124.56M across 8 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Aug 2014.
Transfix was founded in 2012 in New York, United States, within the logistics sector. An automated system is utilized to connect independent carriers and owner-operators with shippers for freight services. Shipments are entered into the platform, where drivers are matched based on factors such as empty mileage, availability, and performance history. Operations are managed, including route optimization and navigational support, across the freight booking process.
Transfix's top competitors include uShip, Uber Freight and Echo Global Logistics.
Transfix offers Custom Rate Prediction Suite, Spot Rate Predictor, Nationwide Contract Rate Predictor, RFP Workflow, and Custom Autobidder.
Transfix has 8 investors. Key investors include Canvas Ventures, MidCap Financial, Lerer Hippeau, NEA, and G Squared.
Transfix operates through Transfix.
Yes. Transfix publishes Transfix, with over 100,000 downloads.