Loadsmart, Inc.

Loadsmart, Inc. is a logistics technology company that streamlines transportation processes for shippers and carriers through advanced software solutions and data analytics tools. Founded in 2014 and headquartered in Chicago, US, Loadsmart, Inc. provides logistics solutions that optimize freight transportation.

The company raised USD 190. 3 mn in Series D funding on February 1, 2022, led by Softbank Latin America Ventures, with participation from BlackRock, CSX Corporation, FJ Labs, and Janus Henderson Investors. The founders include Kenneth Shepard, Felipe Capella, Pavel Botev, and Ricardo Salgado, with Felipe Capella and Ricardo Salgado currently serving as the CEO. Loadsmart specializes in comprehensive logistics solutions, including a managed transportation service and a Transportation Management System (TMS) called ShipperGuide.

The company's offerings include AI-driven tools like FreightIntel AI, which analyzes complex datasets for customized insights. Their services facilitate efficient freight logistics from order placement to the final invoice, with dock scheduling software for carriers and a Fleet Optimizer for matching unused capacity with demand. Loadsmart serves a diverse customer base across the US, Canada, and Latin America, tailored to streamline supply chain operations. Loadsmart generates revenue through managed transportation contracts, subscription services for its TMS, and digital brokerage arrangements.

Clients engage on a contractual basis, benefitting from advanced technology for real-time pricing and booking, potentially saving up to 20% annually on freight expenses. Pricing plans are tailored to individual client needs, based on the services selected, such as TMS or freight brokerage capabilities. In February 2022, Loadsmart raised USD 190. 3 mn in Series D funding to enhance its technology offerings, aiming to improve connections between shippers, carriers, brokers, and warehouses.

The company plans to expand its technology capabilities and improve efficiency and transparency in its operations. Specific upcoming products and geographic expansion plans have not been detailed, but the funding will support these initiatives.