goFlux, a Brazil-based LogFintech company specializing in digitizing and financing agri-freight operations, has raised $6 million in Series A funding.
Investors
The round was led by Capria Ventures, with a follow-on investment from SP Ventures, which had led the first round in 2021. New international investors such as The Yield Lab Latam (Argentina), Blue Impact Global, Reflect Ventures, and Arrebol Capital, as well as other investors based in the US and Switzerland, also participated.
Capria Ventures is a Global South specialist venture capital firm investing in applied Generative AI, connecting founders into a uniquely collaborative network. It was founded in 2012 and is based in Seattle, Washington.
goFlux Use of Funds
The company will use the funds to boost its salesforce, and fintech capabilities, improve platform functionalities, security, and compliance, and also invest in AI for freight prediction. The funds will also be used to invest in goFlux View, a solution integrated with the contracting platform that brings predictive intelligence and offers a future view of freight behavior in the market.
The company aims to streamline freight operations, enhance productivity, and facilitate access to financing for underbanked SME carriers in Brazil and Latin America.
About goFlux
Founded in 2018, goFlux is a company that specializes in digitizing the entire logistics process, managing everything from the hiring of shippers' freight to the payment process for carriers. The company provides a SaaS platform that connects agricultural businesses with carriers, offering solutions for logistics management and financial services. It offers a fully digital platform for quoting, negotiating, contracting, and managing road freight.
Funding Details
Company: goFlux Tecnologia da Informação Ltda.
Raised: $6.0M
Round: Series A
Funding Month: April 2024
Lead Investors: Capria Ventures
Additional Investors: SP Ventures, The Yield Lab Latam (Argentina), Blue Impact Global, Reflect Ventures, Arrebol Capital
Company Website: https://www.goflux.com.br/
Software Category: Freight Management and Contracting
Source: https://capria.vc/goflux-raises-usd-6m-in-series-a-led-by-capria-ventures/