TLDR:
– Brazilian logtech goFlux raised a $6M Series A led by Capria Ventures
– The funding will be used to apply artificial intelligence for freight prediction, grow its salesforce, and further develop its fintech and platform capabilities
Brazilian freight management and contracting platform goFlux recently secured a $6M Series A funding round led by Capria Ventures. Other investors in the round included SP Ventures, The Yield Lab Latam, Blue Impact Global, Reflect Ventures, and Arrebol Capital. This funding round comes two years after goFlux’s $3M seed round in March 2022.
goFlux plans to use the funds to apply artificial intelligence for freight prediction, grow its salesforce, and further develop its fintech and platform capabilities. The company offers a fully digital platform for quoting, negotiating, contracting, and managing road freight. Capria Ventures’ Managing Partner, Will Poole, highlighted the significant opportunity for goFlux to promote access to underbanked SME carriers through its factoring product and apply Generative AI to enhance productivity for customers.
Founded in 2018, goFlux’s platform handled transactions of 42 million tons of cargo in 2023, worth approximately $1.5B. This latest funding round will support the company’s expansion and development efforts in the logistics and freight management space.
