Arrive Logistics operates a freight brokerage platform serving shippers and carriers with a trained workforce and a proprietary transportation management system that leverages machine learning and automation. Since its 2014 founding the company has grown headcount from ten to more than 1,000, with headquarters in Austin, Texas and an office in Chicago. Arrive reported $530 million of revenue in 2019, $810 million in 2020, and was on pace to exceed $1.2 billion in 2021. Prior capital totaling $50 million was used to develop its proprietary TMS. The company plans to use new proceeds to continue investing in its technology, create new service offerings, and expand the team. Arrive emphasizes eliminating waste in the supply chain, driving productivity, and delivering best-in-class service to shippers and carriers. Arrive Logistics is a technology-powered transportation service provider and freight brokerage that connects carriers and shippers. Founded in 2014 by Matt Pyatt and based in Austin, Texas, the company operates offices in Chicago, Chattanooga, Tenn., and Austin. Arrive employs more than 800 people. It expected revenue of $600m in 2019. Technology is central to its offering, and the company plans to accelerate investments in proprietary technology and further build its team using the new funding. Arrive Logistics is a next-generation freight broker offering brokerage and transportation management services for shippers and carriers. Co-founded in 2014 by Matt Pyatt (CEO) and Eric Dunigan (President), the company operates out of Chicago and Austin and employs more than 450 people. Arrive generated $30M in first-year sales, grew to $145M in 2017, and was on track to generate more than $330M in revenue in 2018. The company said it will use the funds to continue to expand operations. The article identifies Lead Edge Capital as the lead investor but does not disclose the financing amount or instrument.

Total raised

$325M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2021