| Founded | 2014 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Logistics |
| Collapse type | Zombie Startup |
| Founder | Ricardo Salgado |
Loadsmart
"Maersk's freight bet shrank from 800 to 200 employees as the market refused to recover."
Technically alive but effectively dead, burning cash
Key Events Timeline
Loadsmart, a Chicago digital freight brokerage backed by $200M+ including a $200M Series C in 2021 led by ICONIQ Capital and Maersk Growth, underwent catastrophic layoffs in 2024 reducing its workforce from 800 to under 200 employees.
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