Loadsmart raises $200M in Series D financing at $1.3 billion valuation

Today, Chicago-based freight technology company Loadsmart announced it has secured $200 million in Series D financing from lead investor SoftBank Latin America Fund, part of the SoftBank Group, with participation from Series C investor BlackRock, rail transportation supplier CSX, and global active asset manager Janus Henderson Group. The significant cash infusion now values the company at $1.3 billion, more than three times its Series C valuation just over one year ago.

Loadsmart will use these funds to rapidly expand its technology offerings, which connect shippers, carriers, brokers and warehouses for increased efficiency and transparency. The company’s impressive investor roster now includes Maersk, the largest ocean carrier in the world; Ports America, the largest port terminal operator in the U.S.; TFI International, one of the largest transportation and logistics companies in North America; and CSX, one of the nation’s leading rail transportation suppliers.