Posted on 09/12/2019 2:36:09 PM PDT by 2ndDivisionVet
Forager, a Chicago logistics company working to simplify international shipping, raised its first round of funding to help it grow.
Forager announced Thursday that it raised $3.25 million in a round led by Chicago Ventures and TFI International. Additional individual investors include local investor Ezra Galston, Herb Shear, the former chairman of Genco, and Steven Galanis, the founder and CEO of celebrity shout-out startup Cameo.
Forager was co-founded late last year by Matt Silver, a former employee of Coyote Logistics and the son of Jeff Silver, who founded Coyote in 2006. Using his background in logistics, Silver has helped create a cross-border freight company that primarily ships to Mexico and Canada.
The company got its start focusing on shipping items for the automotive and aerospace industries, but has since expanded into shipping tequila, paper products and produce, Silver said.
“If it goes on a truck and it goes across the border, then we want to help haul it,” he said.
Silver wouldn’t disclose any of Forager’s specific clients, but said the company is working with “several large enterprise-level shippers.”
(Excerpt) Read more at americaninno.com ...
Winning only if you are an investor. Jeff Silver, founder of Coyote Logistics is a real piece of work. Ask any of his 1000’s of ex-employees. I would only work for a Silver company if I was really desperate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.