Powering the future of freight.
Why We Invested
From our past e-commerce investments, we understood the crucial role and massive market opportunity the logistics stack presented—$1 trillion in the U.S. alone in freight trucking. Transfix is a next-gen freight brokerage driving transformation with industry leading digital technology. The company is uniquely positioned as an industry leader leveraging software to transform an antiquated industry.
“Canvas has been instrumental. Paul Hsiao has dug into our business more deeply than any other investor. There are very few people on the planet who understand two-sided marketplaces and the math and required liquidity like Paul does. Paul spent an inordinate amount of time combing through the details with us and really coming to understand where the levers and triggers in our business were. I don’t think we’d be nearly as successful today if Paul hadn’t gone through that process with us. And frankly, I don’t know of anyone else who had the skills to do that.”