Freightify raises $2.5 million pre-Series A funding led by Nordic Eye

July 28, 2021: Freightify, the ocean rate management platform bringing advanced e-booking functionality to freight companies of all sizes, announced it has secured $2.5 millon in pre-Series A funding led by Nordic Eye Venture Capital with the participation of Tradeworks VC, Venture Catalysts, 9Unicorns, and Blume Founders Fund.

Existing Investor Vinod Kumar Talreja also participated in the round.

Freightify will use the proceeds to invest in expansion into the US and Europe. The company also plans to invest in its product ecosystem covering other stakeholders of the container supply chain.

Freightify (formerly FreightBro), enables freight forwarders of any size for the digitization of global trade. It is backed by marquee accelerators like the Betatron Group, JioGenNext, and Alchemist Accelerator.

Nordic Eye’s investment manager Ib Drachmann, said, “Exciting to follow a dynamic and ambitious organization that has great chances of making a huge digital impact in International freight forwarding. We encourage the global outlook and is impressed with the common vision for the company.

Niklas Holck, CEO at Tradeworks, said, “We invest in ‘Digital Trade Enablers’ that drive trade through innovation, by solving important problems in Logistics and e-commerce. One of these important problems is the lack of structured commercial data that can be used across the freight forwarding value chain, from freight rate procurement, standardisation, automation and quotation, to e-bookings and visibility.”

Raghavendran Viswanathan, CEO and co-founder, Freightify, said, “We founded Freightify with the belief that the future of technology in freight forwarding should be democratised and made available for everyone. The current capital expansion from the right partners cements this belief and helps us add value to the maritime industry across the world.”