Xeneta raises $80M to help shippers ‘rethink’ freight procurement

Xeneta announced Tuesday it has raised $80 million to accelerate development of its freight rate benchmarking and intelligence platform.   

The raise was led by Apax Digital with participation from Lugard Road Capital. Since 2013, Oslo, Norway-based Xeneta has raised over $135 million and says it’s now valued at $265 million.

Co-founder and CEO Patrik Berglund told FreightWaves last year that in order to bring transparency to ocean freight rating systems, Xenata partnered with buyers rather than...

https://www.freightwaves.com/news/xeneta-raises-80m-to-help-shippers-rethink-freight-procurement

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