Freight Technology Leaders Join Tier 1 VCs to Accelerate Parade’s Vision for Freight | News

SAN FRANCISCO, Feb. 14 28, 2022 (GLOBE NEWSWIRE) — Parade, the leader in carrier access and cargo capacity management platform software for freight brokers, is creating an investor syndicate comprised of the best and brightest minds in technology and freight to transform the industry with last week’s $12.7 million Series A funding round. Parade brings together the best technologists and industry experts to improve the way freight moves in America.

This strategic investor syndicate combines Silicon Valley with Freight Alley. The combination brings together the best of venture capital with heavyweights in the freight industry. Several Parade partners have taken a token minority stake in the Series A round. Parade anticipates that strategic partners will continue to invest to accelerate the success of the business. Parade is building a consortium of the best minds and freight companies to drive industry change.

“Parade brings together this amazing group because Loading Capacity Management is a neutral platform that works with all industry players driving industry-wide change,” said Anthony. Sutardja, CEO of Parade. “These leading supply chain practitioners allow us to better understand where the freight market is heading and incorporate it into the solutions we offer Parade customers.”

Parade brought companies together with leading experts in the logistics market: Rite-Hite Corporation, Jones Capital, Redwood Logistics, BAMFi and DAT Freight & Analytics. They are joined by leading individual freight experts: Jason Duboe (Chief Growth Officer, project44), Shanon Hart (Former VP of Product, MercuryGate), Eric Rempel (CIO, Redwood), Tom Caughlin (President , Jones Capital) and Jett McCandless. (CEO, project44).

“We invested in Parade because we believe capacity management will transform the freight industry,” said Eric Rempel, chief innovation officer at Redwood Logistics. “Unlocking the full potential of capacity management will require the participation of brokers, carriers and their technology partners. This group of investors prepares Parade’s clients to have access today and in the future. »

“Parade has transformed the business operations of so many freight brokerage firms – including ours – and we are delighted to invest in Parade,” said Tom Caughlin, President and Chief Investment Officer at Jones Capital. “We are also delighted that this consortium brings together leaders from across logistics and that this will allow every freight broker to benefit from capacity management.”

About the parade

Parade is the leader in software for freight brokers, delivering truck load capacity management to drive carrier access and digital transformation. Reimagine freight brokerage operations with transformational software workflows, technologies like AI, and the Parade partner ecosystem. Efficiently manage relationships, increase truck load capacity, and reuse carriers to find the right truck at the best price at the right time. Brokers and 3PLs book more loads, increase operational efficiency and increase productivity to increase customer profits. Parade-powered freight brokers utilize the freight capacity of any trucking company in North America across all types and sizes of carriers. Visit us online at Parade.ai.

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