Next Trucking Partners, an online marketplace connecting truckers with shippers has raised $21 million in a series B round, the company announced Jan. 30.
The Lynwood-based company which was founded in 2015 said that the financing was led by Sequoia Capital in Menlo Park. To date, the company has raised a total of $27.3 million, according to Crunchbase Inc., a crowd-sourced database that tracks start-ups.
According to the Next Trucking’s website, its platform allows truckers to post real-time availabilities, preferred routes and rates for shippers searching for options to deliver goods.
“Instead of letting the rapid decline of qualified carriers continue to potentially destabilize our supply chain and economy in general, we need to overhaul the way the industry works and empower the truckers,” Lidia Yan, chief executive said in a statement.
Manufacturing and trade reporter Shwanika Narayan can be reached at email@example.com or 323-556-8351. Follow her on Twitter @shwanika.