Xeneta, the Oslo, Norway-primarily based startup that provides a crowdsourced cost comparison support for ocean freight, has raised $12 million in Sequence B funding. Main the round is London-primarily based Smedvig Cash, with participation from current investors, like Creandum, and Alliance Undertaking. It provides whole raised because Xeneta was established in 2012 to $twenty.five million. Aiming to disrupt the ordinarily opaque $two hundred billion-plus container transport sector, Xeneta has crafted what it describes as an āocean freight benchmarking and sector intelligenceā platform that depends on the ācrowdā to share information on container transport prices from shipper and freight forwarders. The notion is to crack open up ocean freight pricing and supply considerably larger visibility into sector ordinary prices on upwards of one hundred sixty,000 global trade routes. Iām informed the organization has crowdsourced over 23 million transport prices, enabling it to provide these prices back to the industry in true-time. Prospects include Kraft Heinz, Electrolux, Continental, Thyssenkrupp, Akzo Nobel, Brother International, in addition to primary suppliers in the automotive, chemical and retail industries. In the meantime, Xeneta says the new capital will be applied to fund the startupās continued global enlargement and for products growth.
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Xeneta, the Oslo, Norway-primarily based startup that provides a crowdsourced cost comparison support for ocean freight, has raised $12 million in Sequence B funding. Main the round is London-primarily based Smedvig Cash, with participation from current investors, like Creandum, and Alliance Undertaking. It provides whole raised because Xeneta was established in 2012 to $twenty.five million. Aiming to disrupt the ordinarily opaque $two hundred billion-plus container transport sector, Xeneta has crafted what it describes as an āocean freight benchmarking and sector intelligenceā platform that depends on the ācrowdā to share information on container transport prices from shipper and freight forwarders. The notion is to crack open up ocean freight pricing and supply considerably larger visibility into sector ordinary prices on upwards of one hundred sixty,000 global trade routes. Iām informed the organization has crowdsourced over 23 million transport prices, enabling it to provide these prices back to the industry in true-time. Prospects include Kraft Heinz, Electrolux, Continental, Thyssenkrupp, Akzo Nobel, Brother International, in addition to primary suppliers in the automotive, chemical and retail industries. In the meantime, Xeneta says the new capital will be applied to fund the startupās continued global enlargement and for products growth.
Xeneta, the Oslo, Norway-primarily based startup that provides a crowdsourced cost comparison support for ocean freight, has raised $12 million in Sequence B funding.
Main the round is London-primarily based Smedvig Cash, with participation from current investors, like Creandum, and Alliance Undertaking. It provides whole raised because Xeneta was established in 2012 to $twenty.five million.
Aiming to disrupt the ordinarily opaque $two hundred billion-plus container transport sector, Xeneta has crafted what it describes as an āocean freight benchmarking and sector intelligenceā platform that depends on the ācrowdā to share information on container transport prices from shipper and freight forwarders.
The notion is to crack open up ocean freight pricing and supply considerably larger visibility into sector ordinary prices on upwards of one hundred sixty,000 global trade routes. Iām informed the organization has crowdsourced over 23 million transport prices, enabling it to provide these prices back to the industry in true-time.
Prospects include Kraft Heinz, Electrolux, Continental, Thyssenkrupp, Akzo Nobel, Brother International, in addition to primary suppliers in the automotive, chemical and retail industries.
In the meantime, Xeneta says the new capital will be applied to fund the startupās continued global enlargement and for products growth.