Brookfield Ventures leads NEXT's $97 mln Series C round

NEXT Trucking, a Lynwood, California-based technology company focused on connecting shippers and carriers to meet transportation demands, has raised US$97 million in a Series C financing. The round, which brings NEXT's total funding to US$125 million, was led by Brookfield Ventures, an investment arm of Brookfield Asset Management. It was joined by Sequoia Capital, GLP and others. NEXT, founded in 2015, will use the funds raised to accelerate product innovation, hire staff, and launch Relay, a new service designed to address systemic congestion at shipping ports, like those at Los Angeles and Long Beach.