Freightify, a Singapore-based digital freight forwarders company, raised $12M in debt & equity funding.
The round was led by Sequoia Capital India with participation from TMV and Alteria Capital with participation from Nordic Eye Venture Capital and Motion Ventures.
The company intends to use the funds to strengthen product, sales and marketing efforts.
Led by founder and CEO Raghavendran Viswanathan, Freightify empowers freight forwarders by providing white labeled rate automation solutions to digitize their rate procurement, rate management and quotation processes. In addition to this, the company also provide track and trace solutions that help forwarders get the live location of vessels and automated milestones within seconds.
Over 200 freight forwarding companies providing global logistics services (across 45 countries) use Freightify to digitize their business.
FinSMEs
02/02/2023