RIGHTFREIGHT SECURES $20 MILLION
RightFreight.com, a New York-based Internet start-up focused on the air freight industry, has secured $20 million in a second financing round led by Silicon Valley investment firm Bay Partners.
RightFreight said it will use the funds “to continue to develop innovative technology-based air freight and logistics solutions” for companies that use air freight services, as well as expand marketing and sales operations.
Additional investors included RRE Ventures, a New York-based technology investor and the lead investor in RightFreight’s first round of funding; an affiliate of Texas Pacific Group, a $12 billion private investment partnership; and 4C Ventures, a global technology investment firm.