Tech startups are finally beginning to answer the needs of freight carriers
The MyCarrier platform bagged $22 million in Series B
MyCarrier, a platform that connects smaller shippers to carriers that don’t require a full truckload, has recently concluded its Series B funding with $22 million. The round was led by NewRoad Capital with participation from Greycroft and Lerer Hippeau.
MyCarrier was founded in 2016 by seasoned freight and freight tech specialists Michael Bookout and Chris Scheid, who previously worked at the Arizona-based GlobalTranz. They used their experience to develop MyCarrier that not only matched shippers with carriers, but also returned automated quotes based on users’ shipping needs and delivered dynamic insurance and payments.
The company claimed that the funding will be used to further develop MyCarrier’s platform offerings and to invest in its product, R&D and go-to-market teams.
According to the latest company projections, it aims to process more than two million shipments in 2022 for more than 5,000 business-to-business software-as-a-service customers. This would bring MyCarrier’s revenue in 2022 to more than $11 million next month (August’s total was $9.4 million).
This seems just the beginning – MyCarrier already counts the industry giants, such as Lucas Oil, IPC Global, U-Haul and Malouf Home, among its clients.
