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RXO raised $550 million in private financing led by MFN Partners, LP and Orbis Investments to support its acquisition of Coyote Logistics.

PUBLIC · RXOAug 12, 2024

Amount Raised

$550 Million

Round Type

Venture

CharlotteTransportationSupply Chain ManagementLogisticsFleet Management

Investors

Orbis InvestmentsMFN Partners, LP

Description

RXO announced a $550 million private financing aimed at financing part of its acquisition of Coyote Logistics. The financing involves the sale of common stock and pre-funded warrants.

Who else raised in Transportation and Supply Chain Management around the same time

Companies in the same sectors as RXO that raised within 45 days of this round, from Fundz verified event records.

  • PICit A/S raised an undisclosed amount on August 9, 2024.
  • Bot Auto raised $20M (Series A) on September 26, 2024.
  • Aifleet raised $17M (Series B) on September 10, 2024.
  • Shadowfax raised $100M (Series E) on August 13, 2024.
  • Onepak raised $20M (Private Equity) on July 31, 2024.
  • FastBeetle Logistics Pvt. Ltd raised an undisclosed amount (Seed) on July 12, 2024.

Who to call at RXO, and when

A new round usually means RXO is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day RXO raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at RXO, from your own LinkedIn network

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Company Information

Company

RXO

Location

Charlotte, North Carolina, United States

About

RXO is a leading provider of asset-light transportation solutions offering tech-enabled truck brokerage services with complementary solutions including managed transportation, freight forwarding, and last mile delivery. The company combines massive capacity and cutting-edge technology to move freight efficiently through supply chains across North America.

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RXO raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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