Brazilian logtech goFlux lands a $6M Series A

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Brazilian freight management and contracting platform goFlux raised a $6M Series A led by Capria Ventures. SP Ventures, The Yield Lab Latam, Blue Impact Global, Reflect Ventures, and Arrebol Capital also participated in the round. The funding comes two years after goFlux’s $3M seed round in March 2022.

goFlux will use the funds to apply artificial intelligence for freight prediction, grow its salesforce, and further develop its fintech and platform capabilities.

goFlux offers a fully digital platform for quoting, negotiating, contracting and managing road freight. 

“We see a huge opportunity for goFlux to not only promote access to underbanked SME carriers through its factoring product, but also to apply Generative AI to enhance productivity and help their customers with easier decision-making and strategic planning in a complex data-rich domain,” said Will Poole, Managing Partner at Capria Ventures.

Founded in 2018, goFlux’s platform handled transactions of 42 million tons of cargo in 2023, worth approximately $1.5B.

Hellen is a content writer with over 5 years of experience writing about startups and venture capital. Having held several different titles throughout her career, she stays true to form as a marketer by believing LinkedIn descriptors matter less than the jobs to be done.

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