What is Xeneta?
Xeneta operates as the premier ocean freight price comparison and shipping market watch index, fundamentally transforming how the logistics industry approaches rate management. By leveraging a massive, real-time database of contracted rates, the platform provides shippers and freight forwarders with the actionable intelligence required to benchmark their costs against global market averages. This software-as-a-service model effectively democratizes access to shipping data, enabling organizations to optimize their logistics spend and mitigate risks associated with market fluctuations. As a central hub for freight analytics, Xeneta serves as an essential utility for global trade, offering unparalleled visibility into high and low rate movements across international shipping lanes.
How much funding has Xeneta raised?
Xeneta has raised a total of $125.8M across 4 funding rounds:
Series A
$5.3M
Series B
$12M
Series C
$28.5M
Other Financing Round
$80M
Series A (2015): $5.3M with participation from Alliance Venture, Point Nine, and Creandum
Series B (2017): $12M led by Alliance Venture, Smedvig Capital, and Creandum
Series C (2021): $28.5M supported by Lugard Road Capital, Creandum, and Investinor
Other Financing Round (2022): $80M featuring APax Digital Signage
Key Investors in Xeneta
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, Trade Republic, Pleo, Depop, Klarna, KRY, Epidemic Sound and Small Giant Games. The Creandum funds are based in Guernsey and Sweden and are advised by advisory entities in Stockholm, Berlin, and San Francisco.
Alliance Venture
Alliance Venture Capital is a Nordic venture capital firm that invests in exceptional early-stage tech companies founded by Nordic entrepreneurs with global ambitions. The firm focuses on developing partnerships with founders to create scalable solutions that address real-world problems, emphasizing long-term profitability and sustainability.
Smedvig Capital
Smedvig Capital is the London arm of the Smedvig Family Office, specializing in investments in private markets assets, particularly in Private Equity and Venture Capital. Since its inception in 1996, the firm has invested nearly $2.5 billion, focusing on growth stage businesses across the UK, Nordics, BeNeLux, and DACH regions.
What's next for Xeneta?
With the support of its latest strategic investment, Xeneta is poised to accelerate its product roadmap and expand its footprint in the global logistics technology sector. The company is expected to focus on enhancing its predictive analytics capabilities, allowing enterprise clients to forecast shipping costs with greater precision. Furthermore, the influx of capital will likely support the scaling of its sales and engineering teams, ensuring that the platform remains the gold standard for freight market intelligence. As supply chain transparency becomes increasingly vital for global commerce, Xeneta is well-positioned to capitalize on the growing demand for digital transformation in the shipping industry, potentially exploring new verticals within the broader logistics ecosystem.
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