What is CloudFret?
Founded in 2020 and headquartered in France, CloudFret operates as a sophisticated freight marketplace designed to bridge the gap between shippers and carriers. The company utilizes a robust Artificial Intelligence engine to identify and mitigate the inefficiencies associated with empty truck returns. By predicting these logistical gaps, CloudFret provides an automated solution that optimizes transport capacity, reduces carbon footprints, and enhances profitability for stakeholders across the freight transport sector. Its market position is defined by its ability to transform fragmented shipping data into actionable, real-time logistics intelligence.
How much funding has CloudFret raised?
CloudFret has raised a total of $2.4M across 2 funding rounds:
Unspecified
$390K
Other Financing Round
$2M
Unspecified (2021): $390K with participation from Azur Innovation Fund
Other Financing Round (2023): $2M led by Azur Innovation Fund and AfriMobility
Key Investors in CloudFret
Azur Innovation Fund
A venture capital firm focused on supporting high-growth technology startups with a particular emphasis on digital transformation and industrial innovation.
AfriMobility
An investment entity specializing in mobility solutions and infrastructure, providing strategic support to companies revolutionizing the transport and logistics ecosystem.
What's next for CloudFret?
With this recent capital, CloudFret is positioned to transition from its initial development phase into a period of aggressive enterprise-level scaling. The strategic roadmap likely involves expanding its AI capabilities to handle more complex cross-border logistics and deepening its integration with existing fleet management systems. As the company matures, the focus will shift toward capturing a larger share of the European freight market, potentially exploring new geographic territories and enhancing its platform to support high-volume enterprise clients. The firm remains a key player to watch in the digital transformation of the global supply chain.
See full CloudFret company page
