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, an Austin-based freight brokerage startup, it has closed on a $25 million Series B financing led by existing backer (LEC).

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Founded in 2014 by Matt Pyatt and Eric Dunigan, Arrive Logistics has now raised a total of about $35 million. The company raised around this same time last year, according to AustinInno.

Arrive Logistics serves as a self-described 鈥渕odern broker鈥� for shippers and carriers. In a press release, the company said it鈥檚 been growing rapidly and now has more than 800 employees with offices in Chicago and Chattanooga, Tenn., in addition to its home base of Austin. At the time of its funding last June, Arrive Logistics had 450 employees, according to . It has used data 鈥渢o hire the right people鈥� and invested 鈥渉eavily鈥� in their training and retention, according to CEO Pyatt.

The startup is growing in terms of dollars too. Arrive Logistics has doubled revenue for four consecutive years, said Pyatt, who projects that revenue will reach $600 million this year. He added that 鈥渢otal loads shipped have increased by 100 percent year-over-year.鈥� Again, at the time of its funding last June, AustinInno that Arrive Logistics had 鈥渞eported generating $30M in revenue in first-year sales and hit $145M in 2017鈥� while expecting to reach $330 million in revenue in 2018.

In a , LEC General Partner and Arrive Logistics board member said his firm has been impressed by the company鈥檚 鈥渟trong load growth performance as well as improved broker productivity and healthy gross margins.鈥� (For reference LEC has also invested in companies such as , and )

The company plans to use its new capital to continue hiring and make investments in its 鈥減roprietary鈥� technology.聽

As AustinInno鈥檚 Brent Winstrom noted in an today, Austin is gradually becoming a logistics tech hub of sorts. Other venture-backed startups based in the Texas capital in this space include ,, and (which was by for $50 million in 2014), Winstrom pointed out.

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