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Airspace Announces $70 Million Round Of Funding Focused On Global Expansion & Sustainability

May 25, 2022•about 3 years ago

Amount Raised

$70 Million

Carlsbad

Description

Airspace, the technology company revolutionizing time-critical logistics, today announced it has closed on additional funding totaling $70 million. This round is led by DBL Partners and co-led by Telstra Ventures and HarbourVest Partners and brings total funding to date to $138 million. Funding will be leveraged to accelerate market penetration in Europe and further expand into Asia. In addition, the company will continue to build out its core business while also launching new service lines such as expedited freight, and will expand into new customer verticals such as semiconductor, automotive & cleantech.

Company Information

Company

Airspace

Location

Carlsbad, New Mexico, United States

About

Based in Carlsbad, Calif., Airspace was founded in 2016 and has grown to be the leading global delivery network for time-critical logistics. The company was recently named to the 2022 CNBC Disruptor 50 list. Airspace makes shipping faster, safer, and more transparent than ever through people, service, and technology. From real-time, data-driven notifications to tracking over 16,000 touchpoints within a shipment, Airspace surfaces more information than any other provider, increasing the velocity and transparency of the supply chain. To learn more about Airspace, please visit www.airspace.com. Follow Airspace on Twitter and LinkedIn. MC: Rob Kerpatrick | 5045125502 | rob@airspace.com SOURCE Airspace

Funding Insights

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