Sequoia Capital led the Shea Ventures-backed trucking services marketplace's series B round, which follows a $5m series A early last year.

Next Trucking, a US-based online trucking services marketplace operator backed by real estate developer JF Shea, raised $21m on Tuesday in a series B round led by venture capital firm Sequoia Capital.

Founded in 2015, Next has created an online platform that uses an algorithm to connect shippers with goods to deliver and truckers who have spare space in their vehicles, according to factors like routes, pricing and even driver behaviour.

Shippers can monitor their goods using a dashboard that…