Shippers Today

Content provided by:
TRADE  
 
 


INFORMATION TECHNOLOGY  
 
 
 
 
 
 
 
 
 


SEA TRANSPORT  
 
 
 
 
 
 


PORTS  
 
 


AIRFREIGHT  
 
 
 
 


LOGISTICS  
 
 
 
 


APPOINTMENTS AND EVENTS  
 
 
 
 
 
 


STATISTICS  
 
 
 


航運  
 
 

Email ThisRate ThisPrint Friendly

Celarix raises US$45mn in capital

Celarix Inc., the Internet information technology firm specialising in shipping and logistics, has raised US$45mn in capital from investors, reports American Shipper NewsWire.

The funding was a third round of financing, led by Chase H&Q.

Additional investors participating in the financing include Technology Crossover Ventures, Integral Capital Partners, Charles River Ventures, TL Ventures, Comdisco and other private investors.

Celarix, based in Boston, Mass., said that the financing was required to develop new functionality within its web-based services, make strategic acquisitions and further expand the company.

"The size of this round demonstrates incredible support by the investment community for Celarix and speaks volumes to the growth potential of this market," said Doug Smith, managing director of Chase H&Q.

Founded in August 1998, Celarix provides shippers and transportation service providers with integrated applications that combine the ability to manage the procurement of transportation services and the logistics process online.