FreightWise, LLC (“FreightWise” or “the Company”), America’s 2nd fastest-growing private company in 2019, announced it has closed a funding round with Riverside Acceleration Capital in September, 2020. The funding will go towards adding mission-critical solutions to its technology platform and scaling the business to meet growing demand.
FreightWise is a Transportation Management System and Managed Logistics Services provider. Their technology platform, coupled with best-in-class services, helps shippers realize substantial savings while simultaneously driving efficiencies deep into their organizations and supply chains.
Jonathan Drillings, Partner at Riverside, commented: “FreightWise combines deep industry expertise with a broad technology suite, to deliver measurable value for shippers. These customers come to view FreightWise as a true partner and the FreightWise platform as an integral part of their workflow. With continued growth and development, we believe FreightWise will add even more value for these shippers in the years to come.”
Founded in 2015 by a team of serial entrepreneurs and industry veterans, FreightWise is quickly becoming the preferred solution for shippers across the country.
FreightWise CEO, Chris Cochran, commented: “We started in 2015 with a simple belief that technology, paired with industry know-how, can save shippers tremendous amounts of time and money. Our game plan has been simple - identify shippers' pain points and build solutions that work. We are moving fast and adding new capabilities weekly and sometimes even daily. We are constantly looking for ways to make our clients' lives easier and to solve more of the industry’s needs. With Riverside at our side, we are excited to be able to move even faster and with more scale. Jonathan and the Riverside team are a big value-add to our business.”
Stillwater Capital was the exclusive financial advisor to FreightWise in the transaction.
About Stillwater Capital Stillwater Capital is a leading M&A advisor to North American privately held businesses. Stillwater helps clients formulate and execute exceptional acquisition, divestiture, and financing strategies.
About Freightwise, LLC. FreightWise is a leading provider of technology and services focused exclusively on helping North American shippers manage their transportation and supply chain challenges. In 2019, it was named the fastest-growing technology company in the United States, and the second fastest-growing company overall. For more information, visit https://www.freightwisellc.com.
About Riverside Acceleration Capital Riverside Acceleration Capital (RAC) provides flexible growth capital to expansion-stage B2B software and technology companies, through an investment structure that maximizes alignment while minimizing dilution. RAC is part of The Riverside Company, a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 650 investments. The firm’s international private equity and structured capital portfolios include more than 110 companies. For more information, visit https://www.riverside.ac
financing , logistics , services , technology
