About Transfix
Transfix is a digital freight marketplace and supply chain technology company that connects shippers with a network of over 30,000 carriers across the United States. Founded in 2013 by Drew McElroy and Jonathan Salama, Transfix has raised approximately $168 million in total funding and serves customers in retail, food and beverage, manufacturing, and consumer products industries.
Transfix's Intelligent Freight Platform™ combines AI-driven freight matching with advanced software tools for pricing, contract management, RFP workflow automation, and real-time shipment visibility. The platform is designed to reduce inefficiencies endemic to the traditional freight industry — including information asymmetry, high empty miles, and manual procurement processes. In 2025, the company launched new tools including a first-of-its-kind RFP workflow tool and expanded its modal capabilities to include flatbed lanes.
Transfix closed a Series F round of $40 million in October 2023, led by New Enterprise Associates (NEA) and G Squared, with participation from Canvas Ventures. The round valued the company at approximately $376 million. Transfix continues to operate as a private company, actively expanding its platform capabilities and carrier network.
Funding History
| Round | Date | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|---|
| Series F | Oct 2023 | $40M | ~$376M | New Enterprise Associates (NEA), G Squared, Canvas Ventures |
| Series E | Mar 2020 | $40M | ~$940M | G Squared, NEA, Canvas Ventures, existing investors |
| Series D | Dec 2018 | $50M | Undisclosed | NEA, Canvas Ventures, G Squared, Lerer Hippeau |
| Series C | Jul 2017 | $42M | Undisclosed | NEA, Canvas Ventures, Lerer Hippeau, Bowery Capital |
| Series B | Jul 2016 | $12M | Undisclosed | NEA, Canvas Ventures |
| Series A | Nov 2015 | $12M | Undisclosed | Canvas Ventures, Lerer Hippeau, Bowery Capital |
Figures sourced from public disclosures. Approximate. For informational purposes only. Not an offer or solicitation.
Company Details
Transfix Stock FAQs
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