Investment will accelerate Highway’s rapid growth and extend its leadership across the freight broker ecosystem through product diversification and go-to-market expansion
Highway, the leading technology platform for Carrier Identity® solutions in logistics, announced a strategic growth equity investment led by FTV Capital, a sector-focused growth equity firm, with participation from Lead Edge Capital. The minority investment will extend Highway’s leading position as the industry standard for compliance and fraud protection for freight brokers by driving the continued evolution of its product suite and go-to-market strategy, enabling the company to reach more potential customers and accelerate growth.
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As the U.S. freight industry expands and grows increasingly complex due to rising shipping volumes, a growing reliance on asset-light carriers and supply chain volatility, freight brokers have become critical intermediaries to ensure secure, efficient freight movement, managing approximately 30 percent of truckload spend. These brokers, however, are increasingly vulnerable to fraud as attackers become more prevalent and sophisticated, driving demand for modern solutions to mitigate risks and streamline operations.
Founded in 2022, Highway is the category creator of Carrier Identity, a platform purpose-built for freight brokers to verify carriers, prevent fraud and build trusted networks. By combining real-time data, automated compliance tools and advanced fraud detection, Highway streamlines carrier vetting and empowers brokers to operate with greater confidence and efficiency. The company’s network-driven approach has become the new standard in freight compliance, serving more than 1,050 brokers – including 70 of the top 100 in the U.S. With its growing ecosystem of brokers, carriers and insurance partners, Highway delivers a secure, scalable foundation for modern freight operations.
“Highway was built to solve an important and growing challenge for freight brokers: combating skyrocketing fraud within their networks in real-time,” said Jordan Graft, CEO of Highway. “We are thrilled to partner with FTV to help drive our next phase of expansion. The firm’s strong track record backing innovative supply chain and logistics businesses, combined with deep domain expertise in our industry, makes them an ideal partner as we execute on our ambitious growth plan to diversify our products and extend our market-leading position.”
“As freight brokers continue to gain greater market share with freight volume rising, fraud has intensified. To combat this, Highway is creating a more secure, data-enriched ecosystem through its scaled network of vetted brokers and carriers, ultimately resulting in fewer losses and disruptions,” said Jerome Hershey, principal at FTV Capital. “At FTV, we’ve invested in tech-enabled supply chain and logistics businesses for over two decades and have been impressed with the mission-critical software platform Jordan and the team have built, resulting in a highly retentive blue-chip customer base and scalable profitability. We’re thrilled to help the company build on its strong momentum and reinforce its position as the industry leader in carrier fraud protection.”
As part of the transaction, Jerome Hershey and Nimay Mehta, managing partner at Lead Edge Capital, joined Highway’s board of directors.
Raymond James served as financial advisor to Highway, and TD Securities served as financial advisor to FTV Capital.
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