FreightHub, a Berlin, Germany-based digital freight forwarder, raised US$20m in Series A funding.
The round was led by Northzone, with participation from current investors Global Founders Capital (GFC), Cherry Ventures, Cavalry Ventures, and La Famiglia and the family office of the Indian entrepreneurial family Mittal.
The company intends to use the funds to open new hubs in Asia and the USA.
Founded in Berlin in 2016 by Ferry Heilemann (CEO), Erik Muttersbach (CTO), Michael Wax (CCO) and Dr Fabian Heilemann (Chairman of the Advisory Board). FreightHub is a digital freight forwarding company which brings together real-time processes, options and online shipment management in a unique platform. It provides booking and tracking services for global container (FCL) and pallet (LCL) transport via sea, air and rail in real time.
The company, which has dual bases in Berlin and Hamburg where 80 people are employed, has served over 650 customers, including brand names such as Franke, Viessmann, and Home24.