Portfolio Company Logixboard Raises $32M in Series B to Continue Modernizing the $2T Freight Forwarding Industry

The $32M Series B round was led by Insight Partners with continued participation by Social Leverage, Redpoint Ventures, F-Prime Capital, Founder’s Co-op, and other existing investors. The Series B follows a $13M Series A raise in April of 2021. After the Series A, the company experienced immense growth with a 900% increase in shippers using the platform. The new funds from the Series B will enhance Logixboard’s all-in-one customer experience platform, triple the head count, and introduce a suite of new features directly requested by freight forwarders and logistics providers. The company will soon offer a payment processing platform, making it one of the first fusions of fintech with supply chain technology.

Early last year we caught up with cofounder and CEO Julian Alvarez to talk about how Logixboard is revolutionizing the freight forwarding industry:

We're thrilled to continue supporting Logixboard. The company is well-positioned to democratize digitalization for thousands of freight forwarders across the globe. Logixboard’s white-labeled, tailored platform allows freight forwarders to seamlessly integrate into existing software while providing their customers with everything from invoicing or exchanging messages, to sharing real-time shipping information.

Logixboard is hiring!: https://www.logixboard.com/careers