Founded Year

2014

Stage

Series D | Alive

Total Raised

$345.2M

Valuation

$0000 

Last Raised

$200M | 5 mos ago

Revenue

$0000 

Mosaic Score

+60 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Loadsmart

Loadsmart is a digital freight broker that specializes in full truckload shipping. The company leverages data and machine learning to build artificial intelligence processes into the complex freight brokerage cycle, allowing shippers to book a truckload in seconds and provide instant and targeted loads to carriers.

Loadsmart Headquarter Location

175 W. Jackson Blvd Suite 1400

Chicago, Illinois, 60604,

United States

646-887-6278

Loadsmart's Product Videos

ESPs containing Loadsmart

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Mobility / Supply Chain & Logistics

Digital freight marketplaces match shippers with available carriers (e.g., truck fleets) via online platforms. Effectively matching supply with demand helps avoid capacity constraints and bottlenecks, which are common in the highly fragmented trucking industry. These marketplaces are equipped with AI-driven data analytics that help improve freight matching arrangements by enhancing pricing transpa…

Loadsmart named as Leader among 14 other companies, including Convoy, Uber Freight, and 3Gtms.

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Loadsmart's Products & Differentiation

See Loadsmart's products and how their products differentiate from alternatives and competitors

  • Enterprise Shipper

    Enterprise shipping is sophisticated, high pressure and brings unique challenges for each business. Emerging technology, data insights, mode optimization, automation and instant execution bring massive opportunities to reinvent logistics and supply chain inefficiencies. Unfortunately, these advancements can bring their own headaches, complexity, risk and costs.Loadsmart pairs advanced technologies with deep-seated industry expertise to fuel growth, simplify operational complexity and bolster efficiency for carriers and shippers alike. As your logistics experts, we leverage our technology to absorb your unique objectives and provide you the flexible capacity you need to meet your service requirements and efficiency goals.

    Differentiation

    Improve service, save time, lower cost 

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    Differentiation

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    Differentiation

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    Differentiation

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    Differentiation

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Expert Collections containing Loadsmart

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Loadsmart is included in 5 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

4,195 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,170 items

A

Auto & Mobility Tech

415 items

We define trucking tech broadly as companies developing technology-enabled services and products focused on the freight trucking industry, such as trucking-oriented marketplace platforms, fleet management solutions, and onboard monitoring and tracking systems.

A

Artificial Intelligence

9,051 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

A

AI 100

100 items

The winners of the 4th annual CB Insights AI 100.

Latest Loadsmart News

13:00 EDT LogRock Launches Out of Stealth With $3.5 Million to Manage Compliance and Reduce Insurance Spending for Trucking Comp...

May 26, 2022

News provided by Share this article Share this article LogRock's platform automates the compliance process and reduces errors so trucking companies can ensure they remain in service and keep the supply chain moving CHICAGO, May 26, 2022 /PRNewswire/ -- LogRock , a new platform providing compliance solutions to trucking companies, today announced it has raised $3.5 million in seed funding led by Dynamo Ventures , a leading seed-stage supply chain fund, with additional participation from QED and 9Yards Capital . LogRock is obsessed with compliance so that trucking companies don't have to be. LogRock provides solutions to help motor carriers minimize regulatory and legal risks, reducing time spent out of service and keeping insurance rates down. This is especially critical in today's climate as the rise in " nuclear verdicts " in lawsuits has become an existential threat to trucking owners. As well as reducing regulatory and litigious risk, having a rock-solid compliance solution helps trucking companies spend less on insurance. In a market where insurance rates for trucking companies have gone up by 47 percent in the last 10 years , securing competitively priced insurance puts real money back into the hands of the truckers and fleet owners who are vital to a smoothly functioning supply chain. "The importance of the trucking industry to the broader economy has never been clearer, and yet every day small-to-mid sized fleets struggle under the administrative burden of staying compliant with State and Federal regulations," said Hunter Yaw, co-founder and CEO of LogRock. "LogRock's mission is to have truckers' backs as they keep America's freight moving, while also making the roads safer." "As the freight markets are predicted to cool over the coming months, motor carriers will also need to maximize their competitive advantage when competing for premium freight from shippers and brokers," said João Bosco, co-founder and COO of LogRock. "Carriers who can prove they have a strong safety record and are fully compliant will have an edge in this battle." "LogRock treats compliance as a data problem, checking every detail in real time, giving us insight on where we need to take action to be 100 percent compliant and helping me understand how we are performing compared to our peers," said Pavel Botev, owner of Logiflex, a Chicago-based, 150-truck carrier and LogRock customer. "I sleep better knowing that, because of LogRock, when the FMCSA comes to inspect me or documents are subpoenaed there are no gaps in our armor." "Ensuring companies stay compliant certainly isn't the sexiest venture, but in the trucking industry, it's one of the most important aspects to get right," said Jon Bradford, managing partner of Dynamo Ventures. "At Dynamo, we get excited by visionary founders that understand the importance of bringing powerful technology solutions to overlooked opportunities like this, which is why we're thrilled to back LogRock." Yaw is the former Head of Product and Bosco is the former CTO of Loadsmart. After 4 years of scaling the Loadsmart product and engineering team, they launched LogRock late last year. Before Loadsmart, Bosco was the co-founder and CTO of Chaordic, which was sold to Linx in 2015. Yaw was previously the CPO at Rokt, the ecommerce tech venture which recently closed its $325m Series E. About LogRock LogRock is obsessed with compliance so trucking company owners don't have to be — from DQ files to Permits, from HoS to Maintenance Records. We connect all our customers' data in one place and analyze it 24/7 to ensure they can stand tall when the Department of Transportations or Trial Lawyers come knocking. LogRock's technology automates as much as possible to keep costs low and minimize errors. This reduces time spent Out of Service, cuts the risk of nuclear verdicts, drives down insurance rates, and opens doors to freight from premium shippers. For more information, visit logrock.com . LogRock

Loadsmart Web Traffic

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Loadsmart Rank

  • When was Loadsmart founded?

    Loadsmart was founded in 2014.

  • Where is Loadsmart's headquarters?

    Loadsmart's headquarters is located at 175 W. Jackson Blvd, Chicago.

  • What is Loadsmart's latest funding round?

    Loadsmart's latest funding round is Series D.

  • How much did Loadsmart raise?

    Loadsmart raised a total of $345.2M.

  • Who are the investors of Loadsmart?

    Investors of Loadsmart include BlackRock, Janus Henderson Investors, CSX, SoftBank Latin America Fund, Chromo Invest and 7 more.

  • Who are Loadsmart's competitors?

    Competitors of Loadsmart include Freightos, Convoy, Leaf Logistics, Kargo Technologies, NEXT Trucking and 15 more.

  • What products does Loadsmart offer?

    Loadsmart's products include Enterprise Shipper and 4 more.

  • Who are Loadsmart's customers?

    Customers of Loadsmart include Cabot Cheese, Accenture, Halliburton and Alcoa.

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