Eyefreight, an Utrecht, the Netherlands-based provider of transportation management system technology, raised €9m (approximately $11.8m) in funding.
The round was led by existing investors De Hoge Dennen Capital and Global Cleantech Capital.
The company intends to use the funds to enhance its Software-as-a-Service (SaaS) product and expand operations into North America, establishing headquarters in Evanston, Illinois and recruiting new business development and sales teams.
Founded in 2008 and led by Ken Fleming, CEO, Eyefreight has developed Transportation Management System (TMS) technology to streamline global logistics operations by providing central coordination and data visibility over complex, worldwide transportation operations.
Customers include Tata Steel, Levi’s, Mango, Campari and Heineken.
Following the opening of the US office, Mr. Fleming will be based at the company’s global headquarters in Utrecht, where he will oversee the U.S. expansion and manage strategic initiatives, including the recruitment of leadership, sales, product development and support people.