Transfix Valuation, Funding & Investors
Transfix is valued at $376M as of October 2023.
Last Transfix valuation
$376M
Series F · Oct 2023
Last Transfix funding round
$40M
Series F · Oct 2023
Cumulative funding Transfix raised
$169M
across 6 funding rounds
Key investors in Transfix
New Enterprise Associates
Lerer Hippeau
Canvas Prime
Bowery Capital
Expansion Venture Capital
Founder Collective
About Transfix
Transfix is a New York-headquartered digital freight platform matching shippers with carriers using AI algorithms. It covers full truckload shipments across North America, integrating TMS software for real-time tracking and analytics. Backed by investors like SoftBank, the platform reduces empty miles through spot and contract loads.
Founded
2013
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Commission, Subscription
Valuation
$376M (Oct 2023)
Transfix Valuation
Transfix is currently valued at $376M, based on its Series F in October 2023.
The $40M round was led by G Squared and New Enterprise Associates, with participation from Canvas Prime.
Transfix valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2023 | Series F | $376M |
Transfix Funding History
Transfix has raised a total of $169M across 6 funding rounds.
Transfix's first fundraising round was a $3M seed round in July 2014. The most recent completed round was a $40M Series F in October 2023.
Transfix funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2023 | Series F | G Squared (lead); New Enterprise Associates (lead); Canvas Prime | $40M | $376M | Transfix, Inc. is an Intelligent Freight Platform that modernizes supply chain operations by combining machine-learning technology, intuitive software, and dedicated supply chain experts to enable high-performance delivery, capacity planning, and network optimization for shippers and mid-sized carriers. The company closed a $40 million Series F funding round on October 19, 2023, led by New Enterprise Associates (NEA) and G Squared, with participation from Canvas Prime. This round valued Transfix at $376 million, down from $940 million in its prior March 2020 round, amid a challenging freight market. The funding strengthens Transfix's financial position and supports a path to profitability, reflecting investor confidence in its tech-enabled brokerage and software solutions despite industry headwinds. CEO Jonathan Salama emphasized the company's focus on core business optimization. Investors like NEA's Carmen Chang and G Squared's Larry Aschebrook praised Transfix's resilience, innovation, and customer-centric approach without distractions. Previously, Transfix pursued a SPAC merger aiming for $1.1 billion valuation but shifted to private financing due to market conditions. Total funding raised across rounds reached approximately $168.5 million by this Series F, with 17 investors including prominent firms like NEA and G Squared. |
| Dec 2018 | Series D | New Enterprise Associates; G Squared | $50M | - | - |
| Jul 2017 | Series C | New Enterprise Associates (lead); Lerer Hippeau; Canvas Prime | $42M | - | Transfix is a New York-based intelligent freight platform founded in 2013 that specializes in tech-enabled brokerage and software solutions for shippers and carriers. The company's Intelligent Freight Platform helps shippers and carriers manage and optimize freight networks at scale, connecting shippers to nearly 30,000 carriers with real-time, many-to-many freight matching and visibility to improve supply chain efficiency. In July 2017, Transfix closed a Series C funding round of $42 million led by New Enterprise Associates (NEA), with participation from Canvas Ventures, Lerer Hippeau Ventures, Bowery Capital, and unnamed strategic investors with ties to retail and logistics. This brought the company's total funding raised to $78.5 million at that time. The company employed 110 people at the time of the Series C close. |
| Jul 2016 | Series B | New Enterprise Associates (lead); Expansion Venture Capital; Lerer Hippeau; Alpaca VC; Canvas Prime; Bowery Capital | $22M | - | Transfix raised a $22 million Series B funding round in July 2016 led by New Enterprise Associates, with participation from investors including Alpaca VC, Bowery Capital, Canvas Prime, Expansion Venture Capital, and Lerer Hippeau. The round aimed to enhance technology and increase market penetration for their online trucking and logistics marketplace designed to disrupt freight brokering. This followed a $12 million Series A in November 2015 led by Canvas Prime to scale the platform and expand the customer base, and earlier debt financing of $501,000 in May 2015 for operational expenses. Transfix continued raising capital, including a $42 million Series C in July 2017 also led by NEA to develop technology and expand services, contributing to a total of over $168 million raised across multiple rounds. |
| Nov 2015 | Series A | Canvas Prime (lead); Expansion Venture Capital; Lerer Hippeau; Charge Ventures; Bowery Capital; Founder Collective | $12M | - | Transfix raised $12 million in its Series A funding round in November 2015, led by Canvas Prime (also referred to as Canvas Ventures), with participation from investors including Bowery Capital, Lerer Hippeau, Founder Collective, and others. The funding supported scaling the platform and expanding the customer base for its mobile and software-enabled trucking brokerage, which operates as an on-demand shipping marketplace for full truckload freight throughout the continental United States. Launched in 2013 and headquartered in New York City, Transfix had previously secured a $2.5 million seed round in July 2014 and $501,000 in debt financing in May 2015. The company continued raising capital in subsequent rounds, including a $22 million Series B in July 2016 and a $42 million Series C in July 2017 led by New Enterprise Associates, bringing total funding to $78.5 million by mid-2017. |
| Jul 2014 | Seed | Bowery Capital (lead); Lerer Hippeau (lead); Expansion Venture Capital; Paul Sethi; Rugged Ventures; Ben Narasin; Alpaca VC; Deep Fork Capital; Carter Reum; Michael Bryzek; Founder Collective; Thayer Street Partners | $3M | - | - |
Who has invested in Transfix?
16 investors have backed Transfix across its funding rounds, including New Enterprise Associates, Lerer Hippeau, Canvas Prime, Bowery Capital, Expansion Venture Capital and Founder Collective.
Lead investors include G Squared, New Enterprise Associates, Canvas Prime, Bowery Capital and Lerer Hippeau.
Transfix Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 4 | Lead | Jul 2014 | |
| San Francisco, CA | 4 | Lead | Jul 2016 | |
| San Francisco, CA | 4 | Lead | Nov 2015 | |
| New York City, NY | 3 | Participant | Jul 2014 | |
| New York City, NY | 3 | Lead | Jul 2014 | |
| New York City, NY | 2 | Participant | Jul 2014 | |
| Chicago, IL | 2 | Lead | Dec 2018 | |
| United States | 2 | Participant | Jul 2014 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Paul Sethi | New York City, NY | 1 | Participant | Jul 2014 |
| New York City, NY | 1 | Participant | Jul 2014 | |
| San Francisco, CA | 1 | Participant | Jul 2014 | |
| San Francisco, CA | 1 | Participant | Jul 2014 | |
| New York City, NY | 1 | Participant | Nov 2015 | |
This data is available for Pro users. Sign up to see all 16 Transfix investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialTransfix Competitors
Transfix competitors include listed companies like Kernex Microsystems and IVU Traffic Technologies, and private ones like Ruiyun Cold Chain, Prozo, Loadshare Networks and Neovia Logistics Services.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Beijing | Private | - | - | $251M | - | |
 Gurgaon | Private | $21M | - | $177M | 8.4x | |
| Bangalore | Private | $39M | - | $162M | 4.2x | |
 Leicester | Private | - | - | $1B | - | |
| India | Publicly listed | $45M | $15M | $302M | - | |
 Germany | Publicly listed | $174M | $27M | $489M | 2.3x |
Transfix Public Comps
Transfix is still privately-owned, but its public comps include Super Group, Gulf Warehousing, Hargreaves Services, PowerFleet, Mahindra Logistics, Eimskipafelag Islands, Tecsys, JSL SA, Radiant Logistics and Kerry TJ Logistics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.8B | $280M | 0.3x | 0.3x | 2.7x | 2.7x | |||
| $380M | $99M | 2.3x | 2.3x | 8.8x | 7.3x | |||
| $355M | $51M | 1.1x | 0.9x | 7.4x | 7.0x | |||
| $444M | $76M | 1.5x | 1.5x | 8.8x | 6.5x | |||
| $730M | $39M | 0.6x | 0.6x | 11.2x | 9.6x | |||
| $929M | $99M | 0.7x | - | 6.6x | - | |||
| $138M | $9M | 2.3x | 2.3x | 37.5x | 20.2x | |||
| $1.9B | $383M | 0.8x | 0.8x | 4.1x | 4.3x | |||
This data is available for Pro users. Sign up to see all Transfix competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Transfix
| When was Transfix founded? | Transfix was founded in 2013. |
| Where is Transfix headquartered? | Transfix is headquartered in New York City, NY, United States. |
| Is Transfix publicly listed? | No, Transfix is a private, VC-backed company. |
| What is Transfix's valuation? | Transfix was last valued at $376M in its Series F in October 2023. |
| How much funding has Transfix raised? | Transfix has raised $169M across 6 funding rounds. |
| What was Transfix's last funding round? | Transfix's last funding round was a $40M Series F in October 2023, led by G Squared and New Enterprise Associates. |
| Who are Transfix's investors? | Transfix's investors include Lerer Hippeau, New Enterprise Associates, Canvas Prime, Expansion Venture Capital, Bowery Capital, Alpaca VC, G Squared, Founder Collective, Paul Sethi, Rugged Ventures and 6 others. |
| Which companies are comparable to Transfix? | Companies comparable to Transfix include Ruiyun Cold Chain, Prozo, Loadshare Networks, Neovia Logistics Services, Kernex Microsystems and IVU Traffic Technologies. |
See companies similar to Transfix
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.