Tech Company Financing Transactions
Freightify Funding Round
Sequoia Capital, Alteria Capital and Motion Ventures participated in a $12 million Series A funding round for Freightify. The round was announced by the company on 2/2/2023.
Transaction Overview
Company Name
Announced On
2/2/2023
Transaction Type
Venture Equity
Amount
$12,000,000
Round
Series A
Investors
Proceeds Purpose
Freightify is now used by more than 200 freight forwarding companies in 45 countries, and says its revenue has tripled over the last year. The company refers to itself as the "Shopify for maritime freight" because it provides white-label rate management and e-booking tools for freight forwarders to set up online stores
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
160,Robinson Road, #20-03
SIngapore, 068914
SG
SIngapore, 068914
SG
Phone
Undisclosed
Website
Email Address
Overview
Freightify is a freight-tech start-up aiming to revolutionize the trillion-dollar international freight industry. We are a strong and supportive team of 100+ passionate logistics professionals from Denmark, the United States, and India who have come together to digitize a large unorganized market of International Freight Forwarding/Shipping. Freightify empowers freight forwarders by providing white-labeled rate automation solutions to digitize their rate procurement, rate management, and quotation processes with ease.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Raghavendran Viswanathan
Chief Financial Officer
Anupam Mundhra
Chief Technical Officer
Srinivasan Subramanian
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We do our best to report on all VC transactions involving tech companies. All VC database entries on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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