What is Freightos?
Freightos operates as a comprehensive digital logistics platform, connecting businesses with a wide array of freight service providers. The company's core offering allows users to efficiently compare shipping options, book services, and track shipments in real-time through an online interface. By streamlining the complexities of international shipping, Freightos provides essential tools for managing documentation and communications, thereby supporting both small businesses and large enterprises in achieving more efficient freight solutions. The platform aims to bring transparency and ease to a traditionally opaque industry.
How much funding has Freightos raised?
Freightos has raised a total of $88M across 3 funding rounds:
Series A
$4.6M
Series B
$39M
Series C
$44.4M
Series A (2014): $4.6M with participation from MoreVC and Aleph
Series B (2017): $39M led by Sadara Ventures - The Middle East Venture Capital Fund, General Electric, MSR Capital, Aleph, OurCrowd, Annox Capital, and ICV Group
Series C (2018): $44.4M supported by Singapore Exchange
Key Investors in Freightos
Singapore Exchange
Singapore Exchange is a company that operates market infrastructure, operating equity, fixed income, and derivatives markets to the highest regulatory standards.
General Electric
General Electric Company, founded in 1892 and headquartered in Boston, operates as a global infrastructure and technology company. GE specializes in multiple sectors including power generation, renewable energy, aviation, healthcare, and transportation.
Aleph
Aleph is an early stage venture capital fund with $334 million under management. Aleph partners with Israeli entrepreneurs to help scale them into large, meaningful companies and globally recognized brands.
What's next for Freightos?
With its recent major strategic investment, Freightos is poised to further solidify its position as a leader in digital freight. The company's trajectory suggests a focus on scaling its platform capabilities, enhancing its technological infrastructure, and potentially expanding its global reach. This enterprise-level backing indicates a strong confidence in Freightos' business model and its potential to disrupt traditional logistics paradigms. Future developments are likely to center on integrating advanced analytics, improving user experience, and forging deeper partnerships within the supply chain ecosystem.
See full Freightos company page
