Arrive Logistics Raises $225M in Series D

Arrive Logistics has successfully raised $225M in a Series D at a $2.2B valuation led by Greycroft, Gridiron Capital, Jump Capital.

Company Overview

Arrive Logistics is a Logistics company headquartered in 822 West Washington Boulevard, Chicago, IL 60607, founded in 2014 with 1500+ employees.

Technology-enabled freight brokerage

Fundraising Details

Amount Raised: $225M
Round Type: Series D
Valuation: $2.2B
Date: 2024-10-12
Investors: Greycroft, Gridiron Capital, Jump Capital

About Arrive Logistics

Technology-enabled freight brokerage The company is positioned in the Logistics sector, serving a growing market with innovative solutions.

Key Information

Headquarters: 822 West Washington Boulevard, Chicago, IL 60607
Founded: 2014
Team Size: 1500+
Industry: Logistics

What This Means

This funding round demonstrates strong investor confidence in Arrive Logistics's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. Arrive Logistics's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2.2B valuation marks an important milestone for Arrive Logistics, positioning the company among notable players in the Logistics industry.

Looking Ahead

With this new capital, Arrive Logistics is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-10-12. For more information about Arrive Logistics, visit their headquarters at 822 West Washington Boulevard, Chicago, IL 60607.