ICONIQ Capital is a privately-held financial advisory and investment firm, and the partner of choice for exceptional entrepreneurs, leaders and institutions around the world. Learn more about how is shaping the future of transportation at About ICONIQ Capital Whether on the road or in the office, offers products and solutions for the entire freight management lifecycle. From load matching and freight planning, to real-time rate analysis, negotiation tools, and innovative payment solutions, creates technology to help carriers and brokers run their businesses more effectively. is the internet’s first and most trusted load board and the nation’s largest provider of spot market freight matching solutions. Goodwin Procter LLP served as legal advisor to ICONIQ Capital. Today, solutions include freight matching marketplace rates partner vetting tools credit and insurance insights transactional cargo insurance freight tracking and visibility transportation management systems (TMS) integrations with most major industry software partners and complete payment solutions.ĭC Advisory, led by Dave Dolan, advised. We are extremely proud of the team and excited for ICONIQ Capital, a world-class partner, to help take the company and its customers to the next level of market leadership.” Together we’ve made a positive difference in an industry that is rapidly transforming. “We developed a true partnership and deep trust with the executive team. “Our journey with is a case study in what we aspire to achieve with every investment,” said Phil Yates, Founding Partner of Bregal Sagemount. “We look forward to providing with our deep technology experience and resources to help accelerate the company’s best-in-class innovation, time to value and customer experience.” “We are thrilled to work with Paris and the entire team to support the company’s growth and operational objectives, both organically and through acquisitions,” said Arvindh Kumar, General Partner at ICONIQ Capital. We are excited for our next chapter of growth and look forward to the guidance, support and knowledge ICONIQ, and their impressive network, brings to ,” said Paris Cole, CEO of. They believe in our roadmap and join us in our mission to simplify the freight lifecycle for carriers and brokers. “What we found in ICONIQ is a partner with a deep passion for product excellence and innovation, as well as an exceptional cultural fit. “ is the premier and trusted partner in this space, with an advanced technology platform that removes friction for all parties within the freight ecosystem, and an established network of transportation professionals across the country.” “The $1 trillion freight industry is primed for incredible growth and technology adoption in the coming years, as tech-enabled platforms are increasingly essential for managing operations, reducing costs and improving efficiency,” said Will Griffith, Partner at ICONIQ Capital. This investment follows several years of strong company growth during which expanded its executive leadership team, added tens of thousands of customers, created hundreds of new jobs, invested heavily in product development and infrastructure build-out, completed multiple acquisitions while maintaining a strong culture, and formed extensive partner integrations. will leverage ICONIQ Capital’s resources and expertise to expand the company’s portfolio of technology solutions, geared toward improving efficiencies for carriers and brokers. Today, is one of the most recognized and trusted brands in the transportation technology industry and the largest SaaS freight matching marketplace in North America, connecting tens of thousands of carriers and brokers with technology solutions for the entire freight management lifecycle. founder, Scott Moscrip and its existing management team, will maintain a significant ownership in the company.įounded in 1995, built the internet’s first digital load board to address the challenges carriers faced finding loads to move. As part of the transaction, ICONIQ Capital has become ’s majority shareholder. , the industry-leading freight marketplace and first online freight matching and load board solution, today announced a majority investment from ICONIQ Capital, a leading investment firm. New investment to fuel product depth and innovation, while accelerating strategic initiatives and market penetration
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