Bregal Sagemount, a global private equity firm specializing in backing growing companies, has made an investment in Transflo, a provider of mobile business intelligence and payments facilitation tools to the transportation sector. Sagemount joins existing investors True Wind Capital and Carousel Capital.

Transflo’s cloud-based technologies digitize 800 million shipping documents a year with $100 billion in freight spent through its platform. The firm offers a customizable, open and secure digital ecosystem to increase efficiency in logistics.

“We believe that Transflo is poised to expand its position as a leading cloud-based business intelligence and payments engine in the transportation sector,” commented Philip Yates, a founding partner at Sagemount. “The company occupies valuable real estate at the point of load consummation that continues to enhance velocity, accuracy and compliance in the payments flows for carriers, brokers and shippers.  We look forward to accelerating Transflo’s product innovation and pursuing strategic acquisitions with this new funding.”

Harris Williams served as financial advisor to Transflo. Simpson Thacher & Bartlett served as legal advisor to True Wind Capital. K&L Gates acted as legal counsel to Carousel Capital. Goodwin Procter served as legal advisor to Bregal Sagemount.