Arrive Logistics closes round of funding to expand HQs, markets, loyalty programs
In the next year, Arrive Logistics plans to onboard more sales employees, grow its IT development staff, expand its corporate headquarters, move into additional markets and implement loyalty programs for core carriers and customers.
Arrive Logistics, Austin, Texas, closed a significant round of funding led by Lead Edge Capital, a New York-based growth stage investment fund focused on software, internet and technology-enabled services.
“Arrive was founded with just two angel investors and a founding team of 10,” says Matt Pyatt, co-founder and CEO of Arrive Logistics. “Since inception, we have been able to grow from those 10 to almost 500 dedicated employees without any outside investment, but we are ready to take on more capital to sustain our aggressive growth goals. We took this capital raise process slowly to ensure we partnered with a firm whose values aligned with ours, and we are confident that Lead Edge is the best partner for us. We look forward to having them by our side, as we continue marching toward our goal of being one of the fastest brokerages to $1 billion.”