What is CloudFret?
Founded in 2020 and headquartered in France, CloudFret operates a sophisticated digital marketplace that bridges the gap between shippers and carriers. By leveraging proprietary Artificial Intelligence, the platform identifies and predicts empty truck returns, effectively matching these latent capacities with real-time shipping requirements. This optimization model addresses the critical issue of deadhead miles, which remains a primary source of waste in the global freight transport sector. By digitizing the logistics value chain, CloudFret positions itself as a vital infrastructure layer for modern supply chain management, enhancing profitability for carriers while reducing the carbon footprint of road freight operations.
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
A strategic investment entity specializing in the mobility and transport sector, providing capital and operational expertise to companies optimizing logistics networks.
What's next for CloudFret?
With the recent major strategic investment, CloudFret is well-positioned to scale its technological infrastructure and expand its market reach. The company is expected to prioritize the enhancement of its predictive algorithms and the expansion of its carrier network across broader geographic corridors. As the logistics industry faces increasing pressure to adopt sustainable and cost-efficient practices, CloudFret's focus on data-driven capacity utilization provides a clear competitive advantage. Future growth will likely center on deepening integration with enterprise-level logistics systems and potentially exploring cross-border freight optimization, solidifying its role as a key innovator in the European transport ecosystem.
See full CloudFret company page
