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- Loadsmart
Loadsmart Valuation, Funding & Investors
Loadsmart is valued at $1.3B as of February 2022.
Last Loadsmart valuation
$1.3B
Series D · Feb 2022
Last Loadsmart funding round
$200M
Series D · Feb 2022
Cumulative funding Loadsmart raised
$344M
across 6 funding rounds
Key investors in Loadsmart
Maersk Growth
Chromo Invest
FJ Labs
BlackRock
Connor Capital SB
Perry Capital
About Loadsmart
Chicago-headquartered Loadsmart is a freight technology company founded in 2014, delivering AI-driven truckload brokerage and optimization across the US. Its Loadsmart One platform automates booking, instant pricing, and execution for shippers, integrating with 40,000 carriers. Additional services cover yard management and dock scheduling for Fortune 100 clients.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$1.3B (Feb 2022)
Loadsmart Valuation
Loadsmart is currently valued at $1.3B, based on its Series D in February 2022.
The $200M round was led by SoftBank Group, with participation from CSX, FJ Labs, Janus Henderson, Trog Hawley Capital and BlackRock.
Loadsmart's valuation has grown 3.3x from $400M at its Series C in November 2020 to $1.3B in February 2022, across 2 priced rounds.
Loadsmart valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | Series D | $1.3B |
| Nov 2020 | Series C | $400M |
Loadsmart Funding History
Loadsmart has raised a total of $344M across 6 funding rounds.
Loadsmart's first fundraising round was a $3M seed round in December 2014. The most recent completed round was a $200M Series D in February 2022.
Loadsmart funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | Series D | SoftBank Group (lead); CSX; FJ Labs; Janus Henderson; Trog Hawley Capital; BlackRock | $200M | $1.3B | Loadsmart is a Chicago-based freight technology company that provides a digital platform offering multimodal services to shippers and carriers across the supply chain, leveraging machine learning, automation, and API integrations for efficient logistics solutions. The company announced a $200 million Series D funding round on February 1, 2022, led by SoftBank Latin America Fund, with participation from BlackRock, CSX Corporation, Janus Henderson Investors, and existing Series C investors. This round achieved a post-money valuation of $1.3 billion, more than tripling the previous Series C valuation from over a year prior, marking Loadsmart as a tech unicorn. The funding aims to accelerate expansion of Loadsmart's technology team, enhance value-add solutions for customers, and promote technology adoption in the logistics industry without relying on freight subsidies or aggressive sales scaling. Company leaders highlighted 134 percent year-over-year revenue growth in 2021, attributing success to combining deep industry expertise with scalable digital tools that address supply chain inefficiencies amid rising demand. SoftBank Latin America Fund's investment partner praised Loadsmart's best-in-class platform for digitizing the supply chain. Loadsmart operates in a competitive freight tech landscape, focusing on transparency, efficiency for all transport modes, and customer-centric growth. The round aligns with broader 2022 Chicago tech funding trends, positioning the company to further innovate in shipping quotes, resource allocation, and multimodal services. |
| Nov 2020 | Series C | BlackRock (lead); Chromo Invest (lead); Ethos Family Office; TFI International; Maersk Growth; Perry Capital; FJ Labs; Bramalea Partners; Alumni Ventures | $90M | $400M | Loadsmart is a digital freight technology company providing a cloud-based platform that uses AI and machine learning to automate freight shipping processes across land, rail, ports, and less-than-truckload. It offers shippers and carriers a single online portal for booking, mode optimization, price transparency, and supply chain insights, emphasizing organic growth through operational excellence and API integrations rather than customer subsidies. The Series C round on November 20, 2020, raised $90 million, co-led by BlackRock's managed funds and Chromo Invest, with participation from Alumni Ventures, Bramalea Partners, Ethos Family Office, FJ Labs, Maersk Growth, Perry Capital, and TFI International. Goldman Sachs acted as placement agent and Paul Hastings as legal adviser. The funding aims to expand Loadsmart's platform with more end-to-end multimodal logistics services, enhance tools for operational performance, and leverage strategic investors like TFI International and Maersk for broader capabilities. Loadsmart reported revenues grew 250% since January 2020 while keeping operating expenses flat at 2019 levels, improving service quality and gross margins amid accelerating industry digitization. The round valued the company above $400 million post-money, more than tripling to $1.3 billion by the Series D in 2022 led by SoftBank Latin America Fund with BlackRock participation. Loadsmart's conservative fiscal strategy differentiates it from competitors like Uber Freight and Convoy, focusing on sustainable growth. Total funding reached over $143 million by Series C since 2014 founding, building a strong investor base including the world's largest ocean carrier (Maersk), largest U.S. port terminal operator, and major North American logistics firm (TFI). Prior rounds included $21.6 million Series A in 2018 and $21.7 million in 2019, both involving Chromo Invest and Maersk Growth. |
| Sep 2019 | Undisclosed stage | Chromo Invest (lead); Connor Capital SB (lead); Ports America; Maersk Growth | $19M | - | Loadsmart announced a US$19 million investment on September 5, 2019, with participation from Ports America, Maersk Growth, Chromo Invest and Connor Capital. The funding supported a drayage initiative intended to improve container movements through American ports. Ports America joined Maersk Growth as a strategic investor, while Chromo and Connor had also participated in the prior Series A. Loadsmart introduced instant drayage booking for smaller shippers and API integration for enterprise customers. Its proposed free-flow model would allocate an available container within a pre-agreed mileage range when a truck arrived, reducing time spent searching for a specific container. The company combines truckload and intermodal shipping services through a digital freight platform. The announcement reported total funding of approximately US$53.3 million to US$53.4 million. |
| Oct 2018 | Series A | Chromo Invest (lead); Connor Capital SB (lead); Maersk Growth (lead); Perry Capital | $22M | - | Loadsmart is a digital freight brokerage platform that uses artificial intelligence to automate the truckload booking flow in the United States. The company provides instant quotes to shippers with capacity guaranteed on all U.S. lanes and enables shippers to reduce spot market exposure by up to 50 percent while reducing procurement execution time by up to 90 percent. In October 2018, Loadsmart announced a $21.6 million Series A funding round led by Maersk Growth, Connor Capital SB, and Chromo Invest, bringing total investment to $34.7 million including prior seed and convertible notes rounds. The capital was designated for scaling operations while doubling down on product and engineering. The company differentiated itself as the first in the market to offer truckload instant pricing and booking, and the first to introduce server-to-server autonomous truckload booking via API. With the highest ratio of engineers in the freight industry, Loadsmart positioned itself as a technology-first, data-driven logistics operator rather than a traditional freight broker. The platform served shippers across the U.S. and built a carrier network while maintaining disciplined capital allocation focused on technology adoption and API integrations over freight subsidies and expensive sales-driven growth. |
| Aug 2016 | Series A | - | $10M | - | Loadsmart raised USD 10.1 million in a convertible note round in August 2016 to support ongoing operations and technology development. The company, a Chicago-based digital freight technology firm, provides an on-demand freight marketplace connecting shippers, carriers, brokers, and warehouses for increased efficiency and transparency. |
| Dec 2014 | Seed | - | $3M | - | Loadsmart raised $3 million in a seed and early stage round in December 2014 to develop its core digital freight booking platform. The Chicago-based company operates an AI-powered freight technology platform connecting shippers and carriers for pricing, booking, and shipping truckload freight. It offers transparent instant pricing, API frameworks, and software solutions including freight procurement (RFP Guide), trucking ERP (Kamion), and dock scheduling (OpenDock). Loadsmart's total funding reached $384 million across multiple rounds, with later valuations at $1.3 billion post-Series D in 2022. |
Who has invested in Loadsmart?
15 investors have backed Loadsmart across its funding rounds, including Maersk Growth, Chromo Invest, FJ Labs, BlackRock, Connor Capital SB and Perry Capital.
Lead investors include SoftBank Group, BlackRock, Chromo Invest, Connor Capital SB and Maersk Growth.
Loadsmart Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2018 | ||
| 3 | Lead | Oct 2018 | ||
| 2 | Lead | Oct 2018 | ||
| 2 | Participant | Oct 2018 | ||
| 2 | Participant | Nov 2020 | ||
| 2 | Lead | Nov 2020 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Feb 2022 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Lead | Feb 2022 | ||
| 1 | Participant | Nov 2020 | ||
| 1 | Participant | Feb 2022 | ||
This data is available for Pro users. Sign up to see all 15 Loadsmart investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Loadsmart
Loadsmart has acquired 3 companies to date.
Last acquisition by Loadsmart was on September 28th 2023. Loadsmart acquired NavTrac for undisclosed valuation.
Latest Acquisitions by Loadsmart
| Description | NavTrac is a Los Angeles-headquartered yard management system provider utilizing computer vision for logistics automation at ports and rail yards. Its platform includes automated gate systems that scan trailers for damage, verify seals, and track inventory in real time, serving clients like Union Pacific and Fortune 500 shippers. Backed by Y Combinator, TenOneTen Ventures, and Blumberg Capital since 2021, NavTrac processes over 1 million transactions monthly, cutting guard labor by 70%. | Kamion is a digital carrier platform applying machine learning to truck management. Dispatchers optimize driver routes and loads, gaining operational visibility to secure better rates, cut back-office costs, and enhance profitability. | - |
| HQ Country | |||
| HQ City | Los Angeles, CA | Chicago, IL | Phoenix, AZ |
| Deal Date | 28 Sep 2023 | 5 Nov 2021 | 5 Nov 2021 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Loadsmart acquisitions and their M&A valuation multiples. Start Free Trial | |||
Loadsmart Competitors
Loadsmart competitors include listed companies like Transfar Zhilian Co and Delhivery, and private ones like Flock Freight, Saic Anji Logistics Co., Ltd, Xpressbees and EasyPost.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Private | - | - | $1.4B | - | ||
| Private | $271M | - | $1.4B | 5.2x | ||
| Private | - | - | $1.5B | - | ||
| Publicly listed | $3.7B | $258M | $1.9B | 1.3x | ||
| Publicly listed | $1.1B | $80M | $3.4B | 2.7x |
Loadsmart Public Comps
Loadsmart is still privately-owned, but its public comps include Wuxi Boton Technology, SBS Holdings, Freightways Group, KLN Logistics Group, Irish Continental Group, Blue Dart Express, Dazhong Transportation, Shanghai Foreign Services, Blackbuck and Fukuyama Transporting.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $516M | $55M | 2.4x | - | 22.6x | - | |||
| $3.2B | $226M | 0.6x | 0.5x | 8.5x | 7.2x | |||
| $841M | $160M | 2.0x | 1.9x | 10.3x | 9.9x | |||
| $7.2B | $561M | 0.3x | - | 4.2x | - | |||
| $768M | $173M | 2.1x | 2.1x | 9.3x | 9.3x | |||
| $640M | $98M | 1.9x | 1.8x | 12.6x | 16.1x | |||
| $332M | $132M | 4.8x | - | 12.2x | - | |||
| $3.6B | $149M | 0.1x | 0.1x | 1.9x | 2.0x | |||
This data is available for Pro users. Sign up to see all Loadsmart competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Loadsmart
| When was Loadsmart founded? | Loadsmart was founded in 2014. |
| Where is Loadsmart headquartered? | Loadsmart is headquartered in Chicago, IL, United States. |
| Is Loadsmart publicly listed? | No, Loadsmart is a private, VC-backed company. |
| What is Loadsmart's valuation? | Loadsmart was last valued at $1.3B in its Series D in February 2022. |
| How much funding has Loadsmart raised? | Loadsmart has raised $344M across 6 funding rounds. |
| What was Loadsmart's last funding round? | Loadsmart's last funding round was a $200M Series D in February 2022, led by SoftBank Group. |
| Who are Loadsmart's investors? | Loadsmart's investors include Maersk Growth, Chromo Invest, Connor Capital SB, Perry Capital, FJ Labs, BlackRock, Ethos Family Office, CSX, TFI International, Ports America and 5 others. |
| Which companies are comparable to Loadsmart? | Companies comparable to Loadsmart include Flock Freight, Saic Anji Logistics Co., Ltd, Xpressbees, EasyPost, Transfar Zhilian Co and Delhivery. |
| How many companies has Loadsmart acquired? | Loadsmart has acquired 3 companies, including NavTrac, Kamion and Opendock. |
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