GoFreight Raises $28 Million in Series A Financing; Plans to Become the Shopify of Freight Forwarding Space

Human beings are known to excel in many different areas, and yet their greatest ability is the one that pushes them to become better on a consistent basis. This particular ability has already fetched us some huge milestones, with technology appearing as a unique member of the stated group. The reason why technology’s credentials are so anomalous is because of its skill-set, which was unprecedented enough to guide us towards all the possibilities that nobody could have ever imagined otherwise. Nevertheless, a closer look would reveal how the whole runner was also very much inspired by the way we utilized those skills across a real-world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution, as we eventually discovered, will go on to scale up the human experience from every conceivable direction, but even after achieving such a monumental feat, technology will somehow continue to produce all the right goods. The same has only turned more and more evident over the recent, and truth be told, a new piece of funding should do a lot to make that trend bigger and better moving forward.

GoFreight, a Los Angeles and Taipei-based startup, has successfully secured over $28 million in Series A financing. Co-led by Flex Capital and Headline, the round saw further participation coming from the likes of LFX Venture Partners, Palm Drive Capital, Mucker Capital, Cornerstone Ventures and Red Building Capital. According to certain reports, the company will use the newly-raised cash to develop additional features like smart quotations, rate management and purchase order management. Founded in 2017, GoFreight started out with an intention to help freight forwarders in managing transportation of goods through ocean, air and land routes. Apart from it, the company guides you in setting up an online storefront so to allow customers to make inquiries and get a quotation in about a few minutes. GoFreight’s proprietary platform even lets you track the shipment in real-time, and with this very EDI-integrated tracking software, you should be able to gain an idea regarding how these shipments are actually impacting your earnings.

“A freight forwarding business is about how to ship cargo from point A to point B. Software can really help, but that’s not their main business. The service itself is the main business and software cannot help minimize the shipping costs or get it there faster. But it can certainly help provide additional valuable information to customers, importers and exporters. We try to empower incumbents to compete with Flexport. That’s an approach to make this entire industry better and faster,” said Trenton Chen, CEO and co-founder of GoFreight.

Boasting over 1,000 customers at the moment, GoFreight sets itself apart by bringing latest and more comprehensive technology to the table, a technology that covers every part of the freight forwarding process from generating quotations to even facilitating digital payments. However, the funding round in question should position the company to become even more expansive in a not-so-distant future.

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