Frete.com operates the largest road‑freight marketplace in Latin America, using machine‑learning algorithms to match carriers' loads with truck drivers in real time. Its core product optimizes vehicle utilization, reduces idle capacity and increases drivers' earnings while lowering shippers' shipping costs. AI is also central to fraud prevention: the company launched Check AI with a R$250 million investment to track dishonest actors and predict cargo theft or defaults. Financially, Frete.com reported 85% growth in 2023, improved EBITDA by 27%, cut marketing spend by more than half, and reduced headcount 48% to 704 employees (75% in technology roles). Operationally, the platform facilitated over R$100 billion in payments from 18,000 companies to more than 900,000 drivers and moved roughly R$2 trillion in cargo value. With a market value above R$5 billion and R$2 billion raised recently, the company plans to keep investing heavily in technology and new products focused on security and efficiency.

Total raised

$387M

Funding rounds

1

Latest round

Equity

Latest activity

May 2024