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MyCarrier Secures $8 Million in Funding
Big news this morning as transportation management platform MyCarrier announces it has raised $8 million in a Series A round led by Greycroft and Lerer Hippeau, with participation from Andrew Leto, Founder and CEO of Emerge.
In 2017, MyCarrier was founded by Michael Bookout and Chris Scheid, both transportation industry veterans who worked together at GlobalTranz. Both founders saw a need for small to mid-market shippers to have access to a transportation management system without going through a broker.
"We created MyCarrier to solve for the gap between shippers' ability to directly connect with carriers. By automating the process, carriers and shippers are able to effectively collaborate to save time and money," said Michael Bookout. "We're excited to work with our investors and industry veterans to increase the number of successful partnerships between carriers and shippers."
The platform allows small shippers — who mostly move less-than-truckload freight — to easily compare major carriers’ rates and transit times on a given lane and electronically tender loads. The intuitive calendar feature makes load planning more efficient and dynamic API integrations automate shipment tracking.
MyCarrier currently has 35 full-time employees in the U.S., and is planning on ending the year with about 100 employees. The company, which partners with 15 carriers, recently moved from a 4,000-sq-ft facility to a 20,000-sq-ft building to prepare for its expansion.
Find out more at FreightWaves.