FreightWaves, Inc. Asset Profile

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Year established

2017

Location

Chattanooga TN US

Primary Industry

Software

About

Based in Tennessee, US, and founded in 2017 by Craig Fuller, FreightWaves, Inc., f.k.a. Transrisk, Inc. operates an online information platform that provides news articles and data analytics for the freight industry. In May 2021, FreightWaves, Inc. raised USD 16 million in venture funding led by Triangle Peak Partners, with participation from 8VC, Fontinalis Partners, Hearst Ventures, Kayne Anderson Capital Advisors, ProLogis Inc., and Revolution Ventures. The company has raised a total of USD 91.4 million in funding. Craig Fuller is the CEO of FreightWaves, Inc. The company employs 50 full-time analysts and journalists to deliver information through an online website, set of podcasts, and streaming TV products. FreightWaves provides a SaaS platform, SONAR SCI (Supply Chain Intelligence), which is a freight market analytics tool and dashboard. SONAR aggregates billions of data points from multiple sources to offer data in the logistics and transportation sector. In addition, the company platform is mode agnostic and has geo-based and time-series data from various modes of freight, such as warehouse, air, rail, truck, and ocean. The company provides its services to multiple industries, including ait cargo, broker/3PL, trucking carrier, financial, forwarder, maritime, rail/intermodal, and shipper. In addition, the company also offers information and informed context through its media platform to 1 million unique visitors per month, in excess of 30,000 viewers per day. FreightWaves generates revenue from software business as well as media business. The company’s software business annual recurring revenue (ARR) increased by 80% in the first quarter of 2021 as compared to the same quarter in 2020. The company's media business revenue increased by approximately 130% year-on-year. FreightWaves, Inc. plans to use its proceeds from May 2021 funding for product expansion and commercial development of its FreightWaves Carbon Intelligence (FCI) platform.

Current Investors

Hunt Technology Ventures, Fontinalis Partners, Tech Square Ventures

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Primary Industry

Software

Sub Industries

Analytics & Performance Software, Information Services, Digital Media

Website

www.freightwaves.com

Verticals

Cloud Computing, Cloud Computing

Company Stage

Series B

Total Amount Raised

Subscriber access only

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