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How FreightVerify CEO Dave McGuffie grew FreightVerify to $18.9M revenue with a 110 person team in 2024.

Developer of a supply chain technology company intended to offer real-time transportation visibility and business intelligence. The company's technology helps in simplifying complex global supply chains to help with aspects like manufacturing, distribution and other related aspects, enabling clients to leverage technologies in the cloud and mobile to enable new ways for shippers and carriers to engage.

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FreightVerify Revenue

In 2024, FreightVerify's revenue reached $18.9M. The company previously reported $8.3M in 2023. Since its launch in 2014, FreightVerify has shown consistent revenue growth.

FreightVerify Revenue GrowthReported revenue / ARR by year$0$4M$8M$12M$16M$20M201420162018202020222024$0$5M$8M$19MSource: GetLatka.com
YearMilestone
2024FreightVerify Hit $18.9m revenue in October 2024
2023FreightVerify Hit $8.3m revenue in October 2023
2021FreightVerify Hit $4.6m revenue in April 2021
2014Launched with $0 revenue

FreightVerify Valuation, Funding Rounds

FreightVerify has not publicly disclosed its valuation. The company has raised $10.3M in total funding to date.

FreightVerify has raised $10.3M in total funding across 2 rounds, with its most recent round in 2018.

FreightVerify Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$3M$5M$8M$10M$13M201420152016201720182014 cumulative: $0 • 2014 Founded: $02018 cumulative: $5M • 2014 Founded: $0 • 2018 Funding round: $5M2018 cumulative: $10M • 2014 Founded: $0 • 2018 Funding round: $5M • 2018 Funding round: $5M$10M2014 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% Sold
2018Funding round$5M--
2018Funding round$5.3M--

FreightVerify Employees & Team Size

FreightVerify employs approximately 110 people as of 2026, up from 102 in 2023.

FreightVerify has 110 total employees in different roles and functions and 13 sales reps that carry a quota.

FreightVerify Team GrowthReported headcount over time025507510012520142016201820202022202400110110Source: GetLatka.com
YearMilestone
2024Reached 110 employees (December 2024)
2024Reached 102 employees (October 2024)
2023Reached 102 employees (October 2023)
2022Reached 84 employees (October 2022)
2021Reached 67 employees (December 2021)
2021Reached 61 employees (April 2021)

Founder / CEO

Dave McGuffie

A proven global technology leader with deep operational and strategic leadership experience in emerging technologies. Unique combination of innovative business planning, deep technology background, revenue generation and operations experience. A team builder and team player. Deep knowledge in Cloud based, IoT and Platform as a Service (PaaS) technology. Experience implementing new go-to-market strategies, sales management, mergers and acquisitions, organizational growth and next stage transformation. Held various leadership positions within Covisint Corporation including CEO and President. Led the successful Initial Public Offering of the company in September, 2013. Global customer focus serving long term enterprise customers such as General Motors, Blue Cross Blue Shield, Ford, Shell, BP, Chevron, Cisco and State governments. Deep industry specific knowledge in Manufacturing, Automotive, Healthcare, High Technology and Security. Key attributes include: focused, energetic, disciplined, customer oriented, innovative. Business Development | Revenue Generation | Go-To-Market | Connected Vehicle | IoT | Telematics | Supply Chain | Team Builder | Platform as a Service | SaaS | Identity Management | Product Innovation | Program Management | Technology Operations |Customer Development | Automotive | M&A Corporate Development | Financial Services

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Customers

We do not have customer count information for FreightVerify yet.

Frequently Asked Questions about FreightVerify

What is FreightVerify's revenue?

FreightVerify generates $18.9M in revenue.

Who founded FreightVerify?

FreightVerify was founded by Dave McGuffie.

Who is the CEO of FreightVerify?

The CEO of FreightVerify is Dave McGuffie.

How much funding does FreightVerify have?

FreightVerify raised $10.3M.

How many employees does FreightVerify have?

FreightVerify has 110 employees.

Where is FreightVerify headquarters?

FreightVerify is headquartered in Ann Arbor, Michigan, United States.

Compare FreightVerify to the industry

FreightVerify operates across multiple industries. Browse revenue, funding, and growth data for FreightVerify in each sector below.

Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .

FreightVerify Revenue 2024: $18.9M ARR, $10.3M Raised