FreightHub Raises €3M in Funding

FreightHub-UNICOLOR-BLUEFreightHub, a Berlin, Germany-based digital freight forwarding startup, raised €3m in funding.

Backers included Global Founders Capital, Cherry Ventures, Cavalry Ventures, Saarbruecker21 and La Famiglia.

The company intends to use the funds to continue to develop the platform and expand the team and operations.

Led by Ferry Heilemann (CEO), Erik Muttersbach (CTO) and Michael Wax (CCO), FreightHub allows customers to compare the latest quotations and book a container, ship it and have it transported to its destination by a lorry, initially focusing on the link between Asia and Europe.
Customers can choose at any time from various links stored in a database on the portal. Following entry of the shipping and destination location, an overview of all available transport companies appears, with transparent information about costs, the duration of transport, the ETA (estimated time of arrival) and the ETD (estimated time of delivery).
The company has also developed a system with which quotations from the 14 biggest carriers, including Hamburg Süd, Maersk and Evergreen, can be requested using various criteria.

FreightHub currently employs 20 people and pland to hire further logistics experts, software developers, operations specialists and customer managers by the end of the year.



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