MyCarrier, an Arizona-based tech-enabled transportation management platform designed to revolutionize the shipment workflow process and provide shipping data transparency, has announced that it has closed an $8 million Series A round co-led by Greycroft and Lerer Hippeau, with participation from Andrew Leto, Founder and CEO of Emerge.
MyCarrier’s platform streamlines the freight shipping process to offer customers direct access to carriers for shipping needs, bypassing intermediaries and eliminating system contracts.
“We created MyCarrier to solve for the gap between shippers’ ability to directly connect with carriers. By automating the process, carriers and shippers are able to effectively collaborate to save time and money,” said Michael Bookout, MyCarrier’s Co-Founder. “We’re excited to work with our investors and industry veterans to increase the number of successful partnerships between carriers and shippers.”
As a data and technology company dedicated to the logistics industry, MyCarrier allows small-to-midsize businesses to have access to direct-to-carrier transportation management platform without the added cost of an intermediary.
“MyCarrier provides powerful technology that carrier sales teams distribute to their shippers,” said Will Szczerbiak, Partner at Greycroft. “The platform brings the entire booking process online and adds a level of transparency that never existed. We are proud to support MyCarrier’s mission of driving major efficiencies for both shippers and carriers in the freight booking process.”
In 2017, Chris Scheid and Michael Bookout co-founded MyCarrier as a technology and data company creating transportation management systems through white label solutions. Prior to this, the pair previously worked at GlobalTranz, a technology-driven freight brokerage with over 25,000 shippers, where Chris served as the VP of Pricing and Michael led as Chief Strategy Officer.
“MyCarrier’s innovative platform has the power to transform the way shippers and carriers work together with the free, no term contract TMS solution,” said Todd Polen, VP Pricing Services at Old Dominion. “As a partner of MyCarrier, we feel that the digital engagement this software offers has helped us automate the shipment process directly with shippers. Additionally, the powerful underlying data intelligence allows our teams to continuously assess market share and profitability for all key network participants.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.