Freightos raises $25m funding

Freightos, the company which has launched a Marketplace for freight quote comparisons and online booking, has completed a $25m Series B extension round which was led by GE Ventures. This now brings company’s total funding to $50m. The company said the funds will be used to scale the Freightos Marketplace globally while continuing development of Freightos’ software suite of global freight pricing, routing, and sales automation.

Freightos launched its Marketplace in July 2016 and currently claims to have “over 10,000 registered users, and dozens of sellers, including top twenty global freight forwarders”.