Forager Announces Tech Platform and Series Seed Raise
Forager treats every cross-border load like it’s a heart transplant
CHICAGO, IL – September 12th, 2019 – Forager, experts in cross-border freight, today announced the upcoming launch of its tech platform, bringing on-demand pricing and capacity to the cross-border space, for both Mexico and Canada. ForagerSCS.com provides customers the opportunity to see pricing instantly and booking cross-border loads, with regular tracking updates so customers can stress less and focus on other areas.
To support the development and launch of the ForagerSCS.com customer portal, Forager has appointed Matt Weber as Chief Technology Officer (CTO). Weber brings years of experience and will be responsible for evolving Forager’s technology strategy, driving product innovation and leading an experienced team of talented developers.
“Cross-border freight has always been my passion and we felt that there was a better way to manage that process,” said Matt Silver, CEO of Forager. “Weber has a unique skillset of having both a strong technical and development background while also having a strong eye for design and product, and it really shows in the technology we’re launching today.”
Forager Officially Closes Out Series Seed Round at $3.25M
To support the company’s growth and technology launch, Forager closed out its $3.25M Seed Round led by Chicago Ventures (CV), TFI International (TSX: TFII, OTCQX: TFIFF) and additional strategic partners. CV is a leading seed stage investor and has invested in other high growth companies like project44, SpotHero and Cameo. They bring their interest in the logistics space and the expertise to advise on the development and scaling of a tech platform.
“Forager brings transparency and efficiency to what have been historically opaque operating environments,” said Stuart Larkins. “The team’s clear understanding of the idiosyncrasies within cross-border logistics, stemming from Matt’s experience, has resulted in products tailored to solve for real customer problems. This stands in contrast to many of the over-engineered solutions and sub-standard service operations we see in market today.”
TFI International has been a natural partner for Forager since its launch, due to a forward-thinking, asset-light approach and their like-minded focus on cross-border freight. Forager looks forward to this continued relationship and adding capacity to its network, including CFI, Transport America and other carriers under the TFI umbrella.
“TFI is pleased to support Forager and we are excited to watch the favorable impact their technology will have on the cross-border business,” said Alain Bedard, Chairman, President and CEO of TFI International. “We congratulate both Matt Silver on this latest step forward and Matt Weber on his new role at Forager.”
A New Brand to Reinforce the Forager Mission
Forager will drop Logistics from its name. The name, new logo and URL, better represent the mission of Forager, providing improved solutions for complicated supply chains with a focus on cross-border freight. As of today, you can sign up at ForagerSCS.com to get access to Forager’s instant pricing and booking portal for all cross-border standard and expedited truckload freight.
Forager is a specialized cross-border logistics provider that is improving the way freight moves throughout North America. With an experienced and seasoned leadership team, a commitment to building industry disrupting technology and a result-oriented business philosophy, Forager is leading the way to more intelligent transportation solutions for customers and carriers.
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