Xeneta, an Oslo, Norway-based data platform for ocean freight market intelligence, raised a $5.3m Series A funding.
Backers included existing investors Creandum, Point 9 Capital, and Alden and new investor Alliance Venture.
The company, which has raised a total of $8.5 million since inception, intends to use the funds to accelerate growth and product development.
Founded in 2012 by CEO Patrik Berglund, Xeneta provides companies globally with an online platform that gives access to ondemand oceanfreight market intelligence and benchmarking analysis to improve strategic and tactical decisions. It currently processes millions of contracted freight rates representing over $3 billion in annual freight spend.
28/02/2014: Xeneta Receives Investment from Point Nine Capital
11/04/2013: Xeneta Receives €1.2M in Financing