FreightWaves Closes Strategic Series B to Expand Its Media and Data Freight Empire
Summary
FreightWaves, the Chattanooga-based media and data startup focused on the freight industry, has raised a $21 million Series B from strategic institutional, corporate and individual investors. “They’ve made that switch successfully where a lot of media companies have struggled.” On the data side, FreightWaves released its SaaS SONAR dashboard last summer. This investment in Chattanooga is part of what initially attracted Revolution, AOL founder Steve Case’s VC firm focused on startups in between the coasts, to FreightWaves. “In the Third Wave of the internet, entrepreneurs seeking to disrupt major real-world industries will focus on scaling in cities where that sector expertise resides. “FreightWaves embodies both of these concepts by combining Chattanooga’s history of logistics expertise with data from collaborations with some of the most important participants in the transportation ecosystem,” Case said.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
