Trax Technologies Raises $10M in Series B Funding
Summary
Backers included River Cities Capital Funds and Capital Southwest Corporation.The company intends to use the capital to further enhance technologies and services.Led by J. Scott Nelson, CEO, Trax provides global shippers and transportation carriers with a SaaS platform and managed services to process invoices for freight shipment and logistics services.Customers include the world’s biggest shippers and their logistics service providers.In conjunction with the funding, Rob Heimann of River Cities, will join Trax’ board of directors.
Funding
Amount
$10.0M
Total raised
Date
February 14, 2013
Announcement date
Investors
River Cities Capital Funds, Capital Southwest Corporation, Trax Technologies
Lead investors
Company
http://www.traxtech.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
Supply Chain Management Software
AI-powered Spend Management
Freight Audit Software
Linked Companies
Trax Technologies
$10M to $25M