Arrive Logistics, founded in 2014, has grown to more than 800 employees with offices in Chicago, Chattanooga, Tenn. Oh, and Austin, Texas In 2019, the company expects revenues of $600 million, as total shipped loads increased by 100 percent year-over-year. The company has won numerous accolades, including three consecutive years as an Inc. Best Workplace Magazine
“We’ve doubled revenue for four consecutive years, with our tireless focus on building the best team and technology on the domestic truck load market,” said Matt Pyatt, CEO and co-founder of Arrive Logistics. “We have done this by using data to hire the right people, investing heavily in their training and retention, as well as focusing our technology investments on what makes our team the most efficient in the industry.
“The proceeds from this funding will be used to fund our growth, accelerate investment in our proprietary technology and further build our team,” Pyatt continued. “Arrive Logistics is committed to drive efficiency and scale through automation. In addition to competitive pricing, our customers continue to rely on us to provide best-in-class service. Our core carrier partners, which cover around 90% of our freight, trust us to keep them moving at the right price without unnecessary thrash. Advancing our proprietary technology will strengthen both customer and carrier partnerships and enable us to move beyond and beyond our clients. “That’s right.
“Lead Edge Capital is thrilled to continue its partnership with Arrive Logistics,” said Nimay Mehta, LEC General Partner and member of Arrive Logistics’ board of directors. “Since our first investment in Arrive Logistics last year, our team-building and Go-to-Market strategy has only increased, and we believe that they are building something unique. Our confidence is underpinned by Arrive Logistics’ strong load growth performance and improved broker productivity and healthy gross margins. This additional investment will further accelerate the path of Arrive Logistics towards becoming a leading freight broker on the market. “That’s right.
About Logistics Arrival:
Arrive Logistics is a technology-driven transport service provider providing superior brokerage experience for carriers and shippers. Since its inception, Arrive Logistics has more than doubled its revenue over four consecutive years. Headquartered in Austin, Texas, with offices in Chicago, Chattanooga, Tenn. , Arrive Logistics has redefined what it means to be a modern broker by dedicating itself to shippers and carriers, giving partners more by putting proprietary technology, unprecedented operations and customer service at the forefront of their business. In addition, Arrive Logistics has won numerous awards, including three consecutive years as an Inc. Best Workplace Magazine Visit www for more information Arrival Logistics Come on,
About Lead Edge Capital
Lead Edge Capital is a growth stage investment fund with $2 billion of capital raised since its inception with portfolio companies across the internet, software and consumer spaces-including Alibaba Group, Asana, Bazaarvoice, Duo Security, Spotify, Toast, TransferWise and Uber. Lead Edge Capital offers its entrepreneurs flexible capital and extensive domain expertise through its robust Limited Partner Network, a global advisory group of leading executives, entrepreneurs and dealers who have built and run some of the most successful companies. Lead Edge Capital leverages its Limited Partners to connect companies with the customers, partners, talents and consultants needed to accelerate success. Lead Edge Capital was established in 2009 and has offices in New York City and Southern California.
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