FreightPop Closes Round of Undisclosed Investments
Transportation management software provider FreightPop has closed a new round of investments, according to a Jan. 2 press release. The company did not disclose the amount.
The venture round was led by The Cove Funds, a California-based firm, and supported by founders from supply chain solutions company Avetta, the now-defunct SaaS company Telogis and the automotive software company DealerSocket.
“Companies engaged in shipping, transportation and logistics across every industry need a solution that can help them find the best rates, connect to their other software solutions and support a strong return on investment,” said FreightPop CEO Kurt Johnson in the release. “FreightPop is here to provide all that and then some within our advanced TMS.”
FreightPop is based in Lake Forest, Calif., and provides midsized shippers with TMS software to find best rates and improve logistics in a streamlined solution. Its customers include fashion retailer Forever 21, consumer electronics seller Newegg and an international luxury automaker. The company is looking to further cement partnerships with new and existing investors with this funding, according to the release. — Transport Topics
