breaking

Fura Reaches $90M Revenue Through Acquisition Strategy, Operational Efficiency

Fura, an AI-first freight brokerage, has grown to $90 million in annual revenue over three years. Co-founder and CEO Jeff D'Angelo attributes this growth to organic expansion combined with six targeted acquisitions of brokerages in the $10 million to $30 million range. The company applied standardized operating procedures and offshore staffing to reduce selling, general and administrative expenses to 39% — significantly below the industry average of 60% to 80%. The Pinwheel acquisition exemplifies the strategy: headcount fell from 26 employees to 8 while the unit swung from a $150,000 loss to $1 million profit and gross merchandise value jumped from $12 million to $30 million. D'Angelo noted most independent brokerages stall around $20 million to $30 million due to process limitations and insufficient technology infrastructure. The company implements AI-assisted compliance verification on all shipments with human final review to address carrier vetting requirements.