Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Parade Secures $12.7M Funding to Accelerate Expansion

Investment to speed digital adoption, expand capabilities, grow its team, and strengthen connectivity with its 3rd-party partner ecosystem

Parade Secures $12.7M Funding to Accelerate Expansion

San Francisco, CA —February 9, 2022—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.

"Supply chain digitization is at a tipping point, as logistics service providers increasingly rely on more connected workflows to maximize efficiency and speed," said Steve Sloane, Partner, Menlo Ventures. "Parade empowers all freight brokers to go digital, with powerful tools and technology to optimize workflows, manage carrier relationships and operate more strategically." Sloane is an active investor in supply chain and logistics startups. With this investment, he will join Parade’s Board of Directors.


"Freight brokerages have been on the front lines of managing supply chain volatility by helping shippers find available trucks. Our team is eager to use this latest round of funding to speed up tech-enablement for all freight brokers so that they can optimize and grow their businesses," said Anthony Sutardja, co-founder and CEO, Parade. "The team saw digital transactions managed by Parade customers increase by more than 500% last year. Customers continue to recognize and reward Parade for innovation and providing a best-in-class freight brokerage software as the industry shifts towards more real-time and collaborative ways of doing business."

The Series A round includes continued participation from Jones Capital, The House Fund, and Oriza Ventures. This announcement complements Parade's undisclosed seed financing to reach $18.4M in total capital raised. Early funding sources include Arena Ventures, BASE Ventures, at.inc/, and other strategic industries leaders.

Parade enables any freight brokerage to go digital by providing tools and infrastructure. Parade’s broker customers find and book trucks online using its AI-enabled Truckload Capacity Management Platform.

Over the past year, Parade has brought to market its core product: Capacity Management for freight brokers. 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’s customers include major freight brokerages like Armstrong Transport Group, Schneider, and Worldwide Express.

Parade’s expansion signals its continued dedication to build and serve best-in-class technologies for freight brokers to help them unlock efficiencies and grow their business. Parade is actively hiring, especially for engineering and product positions; visit parade.ai, in the footer, click to “Join Our Team.”

About Menlo Ventures

Menlo Ventures is a venture capital firm that strives to have a positive impact on everything we do. That’s why we support businesses including Benchling, Chime, Carta, Poshmark, Uber, and Roku that are reimagining life and work for the better. Over 43 years, we’ve grown a portfolio that includes more than 70 public companies, over 100 mergers and acquisitions, and $5.5 billion under management. We invest at every stage and in every sector, with expertise in Consumer, Enterprise, and Healthcare. From developing market strategies to creating communities, we provide real impact where entrepreneurs need it most. When we’re in, we’re all in.
www.menlovc.com
@MenloVentures

About Parade

Parade is the leader in software for freight brokers, offering truckload capacity management to drive carrier access and digital transformation. Its technologies and partner ecosystem let Parade-powered freight brokers reach any trucking company in North America across all types and sizes of carriers.

Founded in 2015 by Preet Sivia, Anthony Sutardja, and Tony Wu, Parade has reimagined freight brokerage (operations) workflows through transformational software (workflows) operations. Select Parade to manage relationships efficiently, increase truckload capacity, and re-utilize carriers to find the right truck at the best price. As the leading carrier access and truckload capacity management platform software for freight brokers, Parade helps book more loads and make more money. Visit us online at Parade.ai.

https://www.blog.parade.ai/post/parade-secures-12-7m-funding-to-accelerate-expansion

Recent

More Stories

Viking Line, Port of Turku and Ports of Stockholm celebrate one year of cooperation to establish a green shipping corridor

On the anniversary on 6 February, the parties and a large number of invited stakeholders gathered for an open seminar in Turku, Finland. Results, experiences, challenges and opportunities were discussed based on the common goal of establishing a green maritime corridor between Stockholm and Turku by 2035.

"We are very pleased with the cooperation and the work done during the first year," says Magdalena Bosson, CEO Ports of Stockholm. "We have been investing in onshore power supply infrastructure for ships for many years and Viking Line is one of the pioneers. Now we are further sharpening our goals together with the other parties to establish a fossil-free shipping corridor between Stockholm and Turku."

Keep ReadingShow less

Featured

TrusTrace Joins Textile Exchange’s Trackit™ Pilot Project to Advance Interoperability and Traceability in Textile Supply Chains

STOCKHOLM, Sweden, February 6, 2025 – TrusTrace, a market-leading platform for supply chain traceability and compliance in the fashion and textile industry, is proud to announce its participation in Textile Exchange’s test pilot project, to evaluate a multiparty Trackit™ system.

The pilot is set to run throughout 2025, marking a significant step forward in advancing traceability and transparency within the textile and apparel supply chain. The project aims to test the performance of an interoperable traceability framework that functions across diverse technology platforms. It is designed to minimize the burden on supply chain operators while maintaining a strong and credible standards system to adapt to an evolving legislative landscape.

Keep ReadingShow less

Vanderlande to Showcase How to Automate Your Warehouse Success at ProMat 2025

ATLANTA– February 5, 2025Vanderlande, the global partner for future-proof warehouse solutions, today invited ProMat 2025 attendees to visit booth #S1503 to learn more about the fully integrated technologies, best-of-breed solutions and comprehensive services available to warehousing operations regardless of where they are in their automation journeys. Vanderlande experts will also present two interactive conference seminars that will draw on real-world examples and lessons learned to show attendees how they can successfully deploy automation for the faster and more efficient warehousing needed to stay competitive and thrive.

Known for providing leading global brands with the most advanced distribution centers (DCs), Vanderlande offers the fully-integrated and comprehensive suite of solutions dynamic retailers, including omnichannel brands and e-commerce companies in the general merchandise, apparel and food sectors, need to excel. The company’s automation technologies encompass the systems, software, robotics and services needed to optimize throughput, order accuracy and storage capacity in the most demanding fulfillment and store replenishment operations.

Keep ReadingShow less

Warp Announces Preparation for U.S. Government Partnership to Enhance Service and Efficiency

Los Angeles, CA, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Warp, a tech-powered network of cross-docks and carriers offering various vehicle sizes, announced that 2025 it will extend its solutions and services to the U.S. government. Warp aims to modernize government freight logistics with machine-learning-driven planning, optimized network strategies, and flexible solutions to create efficient, cost-effective, and sustainable supply chain transportation.

Focused on optimizing every load, every time, Warp employs machine learning (ML), artificial intelligence (AI), and groundbreaking consolidation techniques to blur the traditional lines of freight shipping by combining the best elements of LTL, FTL, and parcel delivery. Using its homogenous fleet including cargo vans, sedans, box trucks, and 53-foot trailers, Warp facilitates carrier injections, inbound vendor consolidation, pool point distribution, zone-skipping, store replenishment, and national retail distribution for some of the world’s largest shippers.

Keep ReadingShow less
an illustration of a global network

Container xChange launches free leasing marketplace

Hamburg, Germany, 27 January 2025 –Container xChange, a leading global platform for container trading and leasing, has introduced free access to its One-Way leasing network.

With a free signup, businesses gain access to over 1,000 vetted partners across 4,000+ locations, helping users to access container availability and pricing insights on 10,000+ routes at no cost.

Keep ReadingShow less