Loading organizations...
§ Private Profile · 15950 N 76th St, Suite 200 Scottsdale, AZ 85260
MyCarrier is a technology company.
MyCarrier provides a Transportation Management System (TMS) specifically designed for Less Than Truckload (LTL) shipping. The platform centralizes and automates the entire LTL freight process, enabling users to generate real-time quotes, dispatch shipments, track freight live, and manage invoices within a unified interface. It connects shippers directly with multiple carriers, integrating functionalities like electronic Bills of Lading (eBOL), NMFC verification, and advanced analytics to optimize logistics and minimize manual effort.
The company was founded in 2016 by Michael Bookout and Chris Scheid, both veterans of the freight and freight technology sectors. Their shared experience at GlobalTranz revealed a market need for a streamlined solution that directly linked shippers with carriers, addressing the inefficiencies and complexities prevalent in LTL logistics. This insight drove the development of a platform that simplifies carrier interactions and automates critical workflow steps.
MyCarrier serves businesses seeking to gain greater control and visibility over their LTL shipping operations. By connecting existing enterprise resource planning and warehouse management systems, it helps users reduce data entry errors and unlock actionable insights into their shipping lanes and spend. The company aims to empower businesses to scale their operations efficiently while ensuring financial accuracy and preventing unexpected freight costs.
MyCarrier has raised $33.0M across 2 funding rounds.
MyCarrier has raised $33.0M in total across 2 funding rounds.
MyCarrier is a Scottsdale, Arizona-based technology company founded in 2017 that builds a SaaS transportation management system (TMS) focused on less-than-truckload (LTL) and full truckload (FTL) shipping.[1][2][3] It serves small and medium-sized businesses (SMBs), 3PLs, and shippers across North America by providing a web-based platform for real-time quoting, instant dispatching, live tracking, invoice auditing, and carrier payments, solving inefficiencies in freight management like manual processes, lack of visibility, and middleman markups.[1][2][5] The platform connects users directly to major carriers, automating the end-to-end shipping process from order to invoice, with strong growth including 16.5k+ daily shipments, 350k+ monthly shipments, 7k+ monthly customers, and $110m+ monthly platform revenue; it has raised $30M total funding, reaching Series B stage.[1][5]
MyCarrier was co-founded in 2017 (with some sources noting 2016) by CEO Mike Bookout and President/COO & CPO Chris Scheid, alongside CTO John Hess, with a leadership team including CFO Taylor Mitchell, VP of Network Sales Bobby Russell, and VP of Marketing Rebecca Jasch.[3][4] The idea emerged from recognizing pain points in LTL shipping, where shippers faced outdated manual operations, limited carrier visibility, and broker inefficiencies; the founders aimed to deliver innovative software streamlining carrier-shipper experiences for better business outcomes.[2][4] Early traction built through direct carrier partnerships and integrations, leading to Series B funding of $22M about three years ago (total $30M raised), recognition as a FreightTech Top 25 company for two years, and expansions like Curant payment tech integration in 2024.[1][3]
MyCarrier rides the FreightTech wave, capitalizing on digital transformation in logistics amid e-commerce growth, supply chain disruptions, and demand for efficient LTL/FTL management in a $1T+ North American freight market.[1][2] Timing aligns with post-pandemic shipping surges and automation needs, where outdated processes waste time and money; market forces like rising fuel costs, carrier capacity constraints, and SMB digitization favor direct-access platforms over brokers.[1][5] It influences the ecosystem by empowering SMBs and 3PLs with carrier-direct tools, reducing leaks in freight spend, and fostering innovations like API integrations (e.g., P44 Freight API), earning CB Insights leadership ranking among peers like Motive and Parade.[1]
MyCarrier's momentum—evidenced by scaling to $110M+ monthly platform revenue and workforce expansion—positions it for accelerated growth in FreightTech, potentially through further carrier partnerships, international expansion, or AI-enhanced analytics.[1][3][5] Trends like real-time supply chain visibility, sustainable logistics, and embedded fintech (e.g., recent Curant integration) will shape its path, amplifying influence as SMBs consolidate TMS providers amid consolidation in the space.[3] As a Series B leader, expect acquisitions, deeper enterprise penetration, or IPO pursuit, solidifying its role in transforming LTL shipping from fragmented to streamlined. This builds on its core promise: direct connections automating freight for exceptional outcomes.[2][4]
MyCarrier has raised $33.0M across 2 funding rounds. Most recently, it raised $22.0M Series B in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2022 | $22M Series B | Tracy Black | 01 Ventures, Corazon Capital, Hustle Fund, Lerer Hippeau, Motivate Ventures, Plug & Play Ventures, Alex Rodriguez, Greycroft | Announced |
| Mar 1, 2021 | $11M Series A | Lerer Hippeau, Greycroft | 01 Ventures, Corazon Capital, Hustle Fund, Motivate Ventures, Plug & Play Ventures, Alex Rodriguez, Andrew Leto | Announced |
MyCarrier has raised $33.0M in total across 2 funding rounds.
MyCarrier's investors include Tracy Black, 01 Ventures, Corazon Capital, Hustle Fund, Lerer Hippeau, Motivate Ventures, Plug & Play Ventures, Alex Rodriguez, Greycroft, Andrew Leto.