Freightify is a Singapore-based digital freight forwarder company. The firm provides digital freight forwarding services. According to filings, Freightify has raised an additional $2.4 million in its Series A round. The funding was provided by Trail Mix Ventures and Rainmaking. The transaction was disclosed in filings with the Accounting and Corporate Regulatory Authority (ACRA). No other operational metrics, valuation, or use-of-proceeds details were reported in the article. Freightify is described in the article as a software-as-a-service (SaaS) company. The report highlights a $12 million Series A fundraise for the company. The financing was executed as a mix of equity and debt. Investors named in the article include Sequoia Capital India, TMV and Alteria Capital, alongside other existing backers. The round was the sole $12 million transaction noted in the day's funding roundup on February 2, 2023. No operating metrics, product details, founding year, or location are provided in the article. Freightify provides white-label rate management and e-booking tools that let freight forwarders set up online stores and automate pricing and bookings. The platform integrates with transport management systems and pulls pricing from carrier APIs or automates entry of offline contract rates. Freightify says its technology has handled more than $400 million in freight revenue and $2 billion in gross merchandise volume and it serves customers in 10 countries. Its customers range from forwarders handling about 250 shipments a year to those handling more than 100,000. Founded in 2016 by Raghavendran Viswanathan and originally launched as FreightBro, the company evolved into an automated rate-management system. Freightify plans to use funding to expand into the United States and Europe and is piloting a closed-group data-sharing product later this year.

Total raised

$17M

Funding rounds

4

Latest round

Series A

Latest activity

Oct 2023