Thursday, February 24, 2011

Online Freight Brokerage Open Mile Raises $6 Million

A freight brokerage is a service that brings together someone who wants to to transport goods (like oranges, or iPods) with the trucking company that wants to transport them. Open Mile, which is today announcing a $6 million round of Series B funding, is the first such service that attempts to bring these relatively unglamorous transactions online, tapping into a $60 billion industry which is heavily phone and fax based. Read: It's disruptive. The financing was led by Globespan Capital Parters and rounded out by existing investor Charles River Ventures.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/-Hjp4iRftyw/

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