USA – Navix, a Minnetonka, a MN-based company providing a platform streamlining document retrieval and freight auditing service, raised $5M in Seed funding.
The round was led by several angel and strategic industry investors including Tommy Barnes, chief revenue officer at MyCarrier and former president of project44, and Rob Estes, chairman/chief executive officer of Estes Express. The company intends to use the funds to accelerate growth through investments in its product development and expansion of its customer success and onboarding teams.Founded in 2021 by Eric Krueger, Navix is a Software-as-a-Service platform streamlining document retrieval and freight auditing service. The company enables 3PLs and brokers to automate their processes at scale, increasing their cash conversion cycle and revealing insights into their freight spend and discrepancies. Navix creates profitability through its configurable automation triggers, API-first approach for integrations, AI/ML-driven insights, and white-glove auditing services.The platform is utilized by companies, including Evans Transportation, SunTerra Logistics, and Armstrong Transport Group.29/03/2023
