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Parade Secures $12.7M Funding To Accelerate Expansion

Feb 09, 2022•over 3 years ago

Amount Raised

$12.7 Million

San Francisco

Description

Parade, the leader in carrier access and truckload capacity management platform software for freight brokers, announces securing $12.7M in Series A funding led by Menlo Ventures. The round includes investment from Greenhawk Capital, Jones Capital, and participation from leaders in supply chain & freight tech leaders. The company will use its latest investment to accelerate digital adoption, expand capabilities, grow its team, and strengthen connectivity with its third-party partner ecosystem.

Company Information

Company

Parade

Location

San Francisco, California, United States

About

The company will use its latest investment to accelerate digital adoption, expand capabilities, grow its team, and strengthen connectivity with its third-party partner ecosystem. The platform works by layering on top of a freight broker’s existing systems, such as its Transportation Management System (TMS), to supercharge a freight broker’s capabilities to find availability of trucks, digitally transact loads, and grow business. Parade enables any freight brokerage to go digital by providing tools and infrastructure. About Parade Parade is the leader in software for freight brokers, offering truckload capacity management to drive carrier access and digital transformation.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech