Sequoia-backed NEXT gets $97M as investment in logistics heats up

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Despite its “unsexy” reputation, the logistics industry is attracting massive investment from venture capitalists. With a fresh $97 million in Series C funding, NEXT joins a fleet of heavily funded logistics platforms, including Flexport, Huochebang and Convoy. The company, which connects shippers and carriers through an online marketplace, raised the capital fromBrookfield Ventures, with participation from Sequoia Capital and logistics solutions provider GLP.

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