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§ Private Profile · New York City, NY, USA
Transfix is a technology company.
Transfix develops an AI-powered logistics platform that provides an expansive suite of data and software solutions designed to optimize freight transportation. The company’s technology leverages automation and artificial intelligence to enhance efficiency, visibility, and decision-making within the complex trucking ecosystem, streamlining operations for its customers. This approach allows for more informed load matching, pricing, and route optimization.
The company was co-founded in 2014 by Jonathan Salama, who serves as CEO, and Drew McElroy, who holds the position of Chairman of the Board. Their foundational insight stemmed from a deep understanding of the inefficiencies inherent in the traditional freight industry, recognizing the potential for technology and data to create a more transparent and profitable marketplace for both shippers and carriers.
Transfix primarily serves shippers looking to manage their freight more effectively and carriers seeking to optimize their routes and capacity utilization. The company’s long-term vision is centered on driving profitability and operational excellence across the entire logistics sector by continuously evolving its technology to address emerging challenges and opportunities in supply chain management.
Transfix has raised $169.0M across 6 funding rounds.
Transfix has raised $169.0M in total across 6 funding rounds.
Transfix is a technology company providing SaaS and data solutions for the freight and logistics industry, including its flagship Transfix TMS (Transportation Management System). It serves brokers, shippers, and carriers by automating workflows, offering AI-driven pricing, and delivering real-time visibility into freight operations, solving inefficiencies like high processing costs, manual errors, and fragmented data in traditional trucking logistics.[1][3] Originally a digital freight brokerage, Transfix pivoted in June 2024 to focus exclusively on software after divesting its brokerage to NFI Logistics, powering networks for Fortune 500 retailers, food brands, and manufacturers with strong growth, including over 40% revenue increase in 2020 amid pandemic disruptions.[1][2][3]
Transfix was founded in 2013 in New York City by Jonathan Salama and Drew McElroy, experts with deep roots in technology and trucking.[1][5] The idea emerged from recognizing the freight industry's need for a digital marketplace to connect shippers and carriers efficiently, leading to the launch of the first tech-powered freight brokerage.[1] Early traction came from its proprietary technology paired with industry experts, evolving into the Transfix Intelligent Freight Platform™, a TMS using automation and machine learning to cut costs below industry standards.[1] A pivotal shift occurred with a planned SPAC merger announcement (via G Squared Ascend I) for public trading and growth capital, followed by the 2024 divestiture of brokerage operations to double down on SaaS, now serving hundreds of leading clients.[1][2][3]
Transfix rides the digital transformation of freight and logistics, a $800B+ U.S. market plagued by fragmentation, where AI, automation, and data analytics address rising e-commerce demands, supply chain disruptions, and sustainability pressures.[1][2] Timing aligns with post-pandemic logistics booms and broker digitization, positioning Transfix to capitalize on trends like LTL expansion, backhaul optimization, and managed transportation via its scalable platform.[2][3] It influences the ecosystem by powering competitors (e.g., NFI uses Transfix tech post-acquisition) and enabling mid-sized players to compete with Fortune 500 efficiency, fostering a more transparent, trusted freight network.[1][3]
Transfix is primed for accelerated expansion with ~$400M liquidity from past financing for product innovation, partnerships, geographic growth, and acquisitions targeting LTL and full logistics suites.[2] Rising AI adoption in trucking, coupled with e-commerce growth and regulatory pushes for sustainable supply chains, will shape its trajectory, potentially evolving it into a dominant freight OS. As a pure SaaS play post-pivot, expect deeper market penetration and influence, transforming how shippers and brokers operate at scale—echoing its origins as a freight revolution now fully realized in software.[1][2][3]
Transfix has raised $169.0M across 6 funding rounds. Most recently, it raised $40.0M Series F in October 2023.
Transfix has raised $169.0M in total across 6 funding rounds.
Transfix's investors include New Enterprise Associates, Larry Aschebrook, AI Fund, Andreessen Horowitz, Canvas Ventures, FirstHand Alliance, Greylock, Lobby Capital, Obvious Ventures, Passion Capital, Robot Ventures, Sequoia Capital.