About Transfix
Transfix is a company based in New York (United States) founded in 2012 by Drew McElroy and Jonathan Salama. Transfix has raised $124.56 million across 8 funding rounds from investors including Canvas Ventures, MidCap Financial and Lerer Hippeau. Transfix offers products and services including Custom Rate Prediction Suite, Spot Rate Predictor, Nationwide Contract Rate Predictor, RFP Workflow, and Custom Autobidder. Transfix operates in a competitive market with competitors including Echo Global Logistics, uShip, Uber Freight, Convoy and Truckstop.com, among others.
- Headquarter New York, United States
- Founders Drew McElroy, Jonathan Salama
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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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- Legal Name Transfix
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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
$124.56 M (USD)
in 8 rounds
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Latest Funding Round
$40 M (USD), Series F
Oct 19, 2023
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Investors
Canvas Ventures
& 7 more
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Employee Count
Not available
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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
People of Transfix
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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.
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.
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Venture capital investments are offered to startups by NEA.
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Growth-stage technology companies are funded via primary and secondary investments.
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VC firm making early stage investment in tech companies in the US
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Investor details for Transfix
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Investments & Acquisitions by Transfix
Investment portfolio details for Transfix
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Financial Statements - Transfix
Detailed financials for Transfix
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Transfix Comparisons
Peer comparison for Transfix
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Competitors of Transfix
Transfix 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, uShip, Uber Freight, Convoy and Truckstop.com, among others.
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Technology-enabled supply chain and transportation services are provided to enterprises.
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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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Truckers are connected to on-demand freight via a digital platform.
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Online load board integrated with freight management functionalities
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Detailed competitors of Transfix
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Latest news on 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.
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 Convoy.
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.