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Transfix Receives $22 Million in Funding

August 15, 2016

Transfix, which matches shippers and carriers through the internet, has received $22 million in funding, led by New Enterprise Associates.

New York-based Transfix said in a statement that the Series B funding includes NEA as the latest investor, Canvas Ventures, Lerer Hippeau Ventures and Corigin Ventures.

The capital would be used to enhance technology and build out its service to the truckload industry by matching freight with available trucking capacity in an effort to lower shipping costs, according to Transfix.

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