Arrive Logistics Raises $25 Million for Expansion
Transport Topics | June 19, 2019
Freight brokerage company Arrive Logistics announced June 18 that it has raised an additional $25 million for expansion.Arrive Logistics opened a Chattanooga, Tenn., office last fall. In March, it announced plans to add 500 jobs.This Series B equity financing was led by the company’s existing investors, Lead Edge Capital. Founded in 2014, Arrive Logistics has grown to more than 800 employees with offices in Chicago, Chattanooga, and Austin, Texas. The company expects revenue of more than $600 million this year.