Rectangle

Private

Chicago, IllinoisMobility, Transportation & Logisticshttps://rectanglehq.com/

Last Round

Seed

Apr 9, 2024

Total Funding Raised

$2.5M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Rectangle is a business/productivity software company that provides a logistics data integration and automation platform designed to connect the freight industry by enabling brokers, carriers, and shippers to exchange and act on information across systems.

Sector

Mobility, Transportation & Logistics

Verticals

Logistics Software, Supply Chain, Data Integration, API Management, Workflow Automation

Business Model

B2B

Customer Profile

Subscription SaaS, Usage-Based SaaS

AI Layer

Application

Keywords

logistics data integrationsupply chain automationunified APIfreight techlogistics APIshipment trackingelectronic data interchangeEDIdata normalizationworkflow automationlogistics softwarefreight broker softwareAI-powered logisticssupply chain visibilityB2B SaaSlogistics infrastructure

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Rectangle Comps

Public and private peers based on sector, stage, and business model.

Rectangle comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Rectangle Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Seed	Apr 9, 2024
Accelerator	Mar 1, 2024

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Key People

Founding team and executive leadership

Matt Salefski

Co-Founder CEO

Founding Team

Rectangle Investors

Notable investors and investment history

Rectangle investors
Investor	Rounds
Autotech Ventures	Seed
Illini Angels	Accelerator
Rock Yard Ventures	Seed
Y Combinator	Accelerator

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Market signals

Structured signals derived from secondary market and firmographic data.

May 20, 2026
Monthly visitors grew 102% MoM, from 147 to 297.
Dec 22, 2025
Added RJ Logistics, a logistics SMB, as a new customer.

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Rectangle Filings

SEC and related filings with document metadata.

Data table
Typed	Date	Amount Offered	Amount Sold	Filling	Pages	Download
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Rectangle Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Rectangle's valuation, stock price, and market status.

Firmographic Details

HeadquartersChicago, Illinois

Employee Range8

Year Founded2023

Last FundingApr 9, 2024

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