MyCarrier Raises $22M in Series B

MyCarrier, a Phoenix, AZ-based freight shipping platform for small and midsize shippers, raised $22M in Series B funding.

The round was led by NewRoad Capital Partners, with participation from Greycroft and Lerer Hippeau.

The company intends to use the funds to accelerate its platform offerings and expand its product, R&D, and go-to-market teams.

Founded in 2017 by Michael Bookout and Chris Scheid, MyCarrier provides a shipping management platform, which has partnered with carriers to provide efficiencies and value-based visibility. The platform generates automated quotes based on the user’s shipment characteristics and enables booking execution with electronic bills of lading, enhanced visibility, dynamic insurance, and payments.

In addition to multimodal shipping needs, the company has its sights on freight audit and pay, broadening its ERP and WMS integrations, and developing a rich set of data intelligence tools for both carriers and shippers. These investments will enable SMB shippers to be more productive, reducing overhead costs.

The company currently serves more than 5,000 shippers, including Lucas Oil, IPC Global, U-Haul and Malouf Home. MyCarrier has platform automation partnerships with 15 top-rated LTL carriers, including ODFL, Saia, Estes, and Averitt, and over 70+ integration carrier partners.