Trax Technologies, a global provider of technology-driven solutions that enable shippers and logistics-service providers to efficiently and effectively manage their logistics spend and receivables, raised $10 million in a Series B round of financing led by River Cities Capital Funds. Incumbent investor Capital Southwest also participated. Trax will use the funds to further accelerate its multi-year, double-digit growth and to enable broader market access to the company’s expanding range of solutions. River Cities’ investment in Trax marks the first investment out of the firm’s Fund V.
Dec
20
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