FreightWise LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
FreightWise LLC - overview
Established
2014
Location
Brentwood, TN, US
Primary Industry
Transportation Services
About
Based in Tennessee, US, and founded in 2014, FreightWise LLC, operates as a logistics technology company offering managed services and FreightWise Transportation Management System TMS. The company’s minority stake was acquired in April 2022, by a consortium led by Unigestion, with participation from Riverside Acceleration Capital, Elyan Partners SAS, and Unigestion Management. As of August 2022, the firm has more than 130 employees and is led by its Founder and CEO, Chris Cochran, and EVP of sales, Alex Rustioni. FreightWise offers end-to-end, Transportation Management services including Supply Chain Design, Freightwise Saas Platform, and Freight Audit and Payment Services to help businesses around the US and Canada, that ship less than USD 10 million annually, with faster shipping times and lower shipping costs by 20-30%.
The firm’s FreightWise TMS platform which is a cloud-first, mobile-friendly Transportation Management System, allows shippers to manage freight data, decisions, and documents in a seamless manner integrated across their current ERP, warehouse, and other internal systems. As of April 2022, the company has more than 170 customers focused on Parcel, Less Than Truckload (LTL), Truckload, and International freight modes, spanning manufacturing, technology, distribution, and retail industries. The company’s growth rate from 2019 to 2021 is 733%. FreightWise aims to more than triple its customer base and staff over the next five years and hence the acquisition will support the firm to move faster and with more scale.
Current Investors
The Riverside Company, Unigestion, Edmond de Rothschild Group
Primary Industry
Transportation Services
Sub Industries
Transportation Services, Logistics & Distribution, Application Integration Software, Logistics Software, Systems Management Software
Website
www.freightwisellc.com
Verticals
Cloud Computing, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
FreightWise LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Kuebix, LLC | - | ||||||||
| Buyout | Completed | FreightWise LLC | - | ||||||||
| Growth | Completed | FreightWise LLC | - |
Displaying 1 - 3 of 3
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.