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

Aug 12, 2024•over 1 year ago

Amount Raised

$550 Million

CharlotteLogisticsTransportation

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.

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.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends