Freightos Closes US$44.4M Series C Funding Round

freightosFreightos, a Singapore-based online international freight marketplace, closed a US$44.4m Series C funding round.

The round, which brought total funding raised to date to US$94.4m, was led by Singapore Exchange (SGX), with participation from General Electric Ventures, ICV, Aleph, and others.

The company intends to use the funds to further scale its marketplace.

Launched in mid-2016 by Zvi Schreiber, CEO, Freightos provides an online international freight marketplace featuring price comparison, instant booking, online shipment management, tracking, and communication tools.
Today, the system powers over one million instant freight quote requests every month. The company’s global rate database also drives the Freightos Baltic Index (FBX), a comprehensive and up-to-date container freight index in collaboration with the Baltic Exchange which is part of the SGX group.

FinSMEs

17/09/2018

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