• The Freightos Group

  Participated · Series B · Sep 2015

  Freightos operates an online freight marketplace and booking platform that allows users to compare prices and book, manage, and track shipments with more than 1,200 logistics providers. Launched in 2016 as a price comparison service for freight forwarders, the company now processes more than one million instant freight quote requests each month using patent-pending routing and pricing engines. Its database of global shipping rates underpins the Freightos Baltic Index (FBX), developed with the Baltic Exchange, which tracks pricing from 12 major routes and aggregates them into an industry-wide index. Freightos says it plans to keep its online marketplace as the flagship product while building a global digital infrastructure to make the freight industry more efficient and is exploring ways to connect airlines to sell cargo space. The company is partnering with the Singapore Exchange to develop new financial instruments and move FBX reporting from weekly to daily updates. To date Freightos has raised $94.4 million in funding. Freightos offers Freightos Marketplace — described as "booking.com for international shipping" — and AcceleRate, a SaaS product for carriers and freight forwarders to calculate and manage rates. The Marketplace currently operates in China, Hong Kong, Taiwan and the U.S., and the company plans to expand into the rest of Asia and Europe using the new capital. AcceleRate is used by over 1,000 logistics providers and global supply chain companies, including Nippon Express, Hellman Worldwide Logistics and Sysco Foods. Freightos was founded in 2012 and is based in Hong Kong. The company positions GE Ventures as a strategic investor and potential customer that can provide insight into large shippers. Management frames the products as helping freight forwarders automate and prepare for competitive threats such as Amazon expanding logistics services. Freightos builds an online marketplace and pricing/routing engines that aggregate complex international freight quotes and let users filter options by price, time, route, fees, and transport mode. The company offers multi-language and multi-currency support and recently added a sustainability feature to surface lower‑carbon routing choices. Freightos works with over 30 freight forwarders, including Hellmann Worldwide and Nippon Express, and says integrating large partners can take up to a year. Last quarter the platform processed 24,000 automated quotes ranging from hundreds to tens of thousands of dollars. The startup aims to reduce inefficiency and increase pricing transparency across the trillion‑dollar international freight industry. Freightos operates an online freight network that uses big data technology to enable freight forwarders, shippers and carriers to automate freight booking and pricing. Its platform allows freight forwarders to quote instantly for complex routes and provides automated rate management and quoting solutions. The company serves dozens of global freight brokers and major import/export companies. Led by CEO Zvi Schreiber, Freightos focuses on streamlining pricing and booking workflows across international freight. The company intends to use new funding to continue expanding operations. Freightos is based in Hong Kong. Freightos operates an online freight network and a Software-as-a-Service platform that brings realtime quotes and automation to freight forwarders. Its SaaS lets freight forwarders manage rates, automate routing and pricing, and embed customer-facing eCommerce solutions so customers can generate quotes online. The Freightos Network enables vendors to collaborate automatically to provide instant door-to-door quotes, buy routes from other vendors, and automate resale to their own customers. The company positions its product as replacing legacy Excel, PDF and fax workflows to speed quoting from days to real time. Freightos pitches itself as addressing a multi-trillion-dollar freight industry need for greater efficiency and transparency. Financially, Freightos has raised a $4.6 million Series B, bringing total funding to $6.3 million.

• Taykey

  Participated · Equity · Jan 2015

  Taykey’s core product is a trends-discovery engine and real-time programmatic advertising solution that mines data from thousands of online sources to find what’s trending for specific audiences and automate media buying. The company has launched a new marketing platform to broaden applications of its real-time advertising solution across social media content, audience insights and market analytics. Taykey links to leading ad platforms and existing media platforms so trends-based insights can be activated everywhere. The company executed more than 1,000 real-time advertising campaigns and reports revenue growth of 600% since January 2013. Its customer roster includes many Fortune 500 brands — AT&T, Verizon, Procter & Gamble, Disney, Marriott, MasterCard, Microsoft, Google, Starbucks and Toyota — and seven out of 10 of the top U.S. advertisers are Taykey clients. Taykey operates a media-buying platform that allows brands to deliver ads based on topical interests. The company is based in New York and Israel and was founded by CEO Amit Avner. In 2013 to date the company has run over 100 campaigns. Taykey raised $6m in its third funding and said it will use the proceeds to expand its team with hires across sales, engineering, ad operations and product. Tenaya Capital participated in the financing alongside existing investors Sequoia Capital, SoftBank Capital and Marker. Following the round, Adam Klee joined as VP of Media Operations overseeing client services, technical account management and ad operations, and Carmit Tevet-Kuzy joined as VP of Finance. Taykey builds a real-time social-ad targeting platform that identifies trending topics among specific audience groups and serves ads to those interest-based audiences. The company determines what people are interested in from public social media signals and responds with Facebook ads, promoted Twitter trends, or search ads. Taykey aggregates anonymous data from about 150 social media services, including Facebook, Twitter, YouTube, MySpace, and Digg. Advertisers are charged on a cost-per-action basis, with outcomes ranging from cost-per-like to redemption of an offer. The product aims to move ad targeting from broad demographics to interest-driven audiences by discovering what is trending for particular groups and acting in real time. CEO Amit Avner leads the company as it scales its targeting and ad placement capabilities following recent funding.

No current team members are available.