Seattle-based Logixboard, which makes customer experience software for freight forwarders, has raised a $32 million Series B round.
Co-founder and CEO Julian Alvarez said that with the money the company aims to grow its headcount from the roughly 57 full-time employees it has now to about 140 by the end of the year. Logixboard had 24 employees at the time of its $13 million Series A round in April.
"A lot of the investment will go into (research and development)," Alvarez said. "We have tremendous demand from our customer base to continue enhancing our product. We also have a lot of demand from the market to be able to serve different freight forwarding companies."
In April, Logixboard was looking for office space in Seattle after moving the company operations to the area in 2019 to be part of the Techstars accelerator. The company was prioritizing a central location with good public transit. Alvarez said although the company was close multiple times to finding space, it ended up putting the search on hold due to the Covid-19 pandemic. He added that Logixboard is currently working remote but would ideally like to open an office in Seattle this year.
On its website, the company has open roles listed in engineering, design and sales. Insight Partners led the Series B round, while Redpoint Ventures, F-Prime Capital, Social Leverage, Founders’ Co-op and others participated.
Logixboard was founded in Miami in 2016. The company helps freight forwarders, which help manage the global transportation of goods, create better digital tools for their clients.
Alvarez said the company has clients in 15 countries, and its largest customer base is in North America. He added that Logixboard has seen rapid growth in Australia, New Zealand, Europe and North America.
"We've seen strong digitalization moves from the markets, so I would say those are the top markets that we're going to be targeting in 2022," Alvarez said.
