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Chattanooga’s FreightWaves secures $16 million in additional funding

Chattanooga’s FreightWaves announced on Wednesday that the supply chain data start-up has raised $16 million in a new round of funding. The new investment will be focused on its newly announced sustainability platform.

According to this post in Crunchbase News, Triangle Peak Partners led the round, which follows FreightWaves’ $30 million fundraise in July 2020.

“This was more of an opportunity to bring a new investor in and provide additional working capital and liquidity that we could use for some long-term investments,” Chief Executive Officer Craig Fuller said in an interview.

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