Phoenix Logics, a Phoenix-based logistics company, said it has entered into a second round of financing led by Goldman Sachs Group Inc., with plans to raise $300 million to scale up operations.
The investment is valued at $300m, the company said.
The second round will go to financing and private equity investors, according to the company.
Phoenix Logistic also said in a regulatory filing this week that it is exploring potential strategic alliances with logistics firms including GE Aviation Holdings Inc., Boeing Co., FedEx Corp. and the American Airlines Group.
Phoenix will also work with other logistics companies to build its business, the filing said.
“This strategic investment will further strengthen Phoenix’s position in the transportation logistics market and further expand our capacity to support the needs of our customers and partners,” Phoenix Chief Executive Officer Brian Williams said in the filing.
The company also said it would hire about 1,000 people by the end of 2019.
In December, Phoenix said it was targeting an opening in 2019 for its logistics business.
It is expected to hire about 800 people.
The Phoenix company, which was founded in 2004 and is headquartered in Phoenix, had a revenue of about $600 million in the fourth quarter, according the company’s filing.