Singapore Exchange Leads $44 Million Funding Round for Freight Marketplace Startup Freightos
Freightos operates an online freight sales platform with tools such as price comparison, instant booking, and shipment tracking for freight shipments
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Founded in 2011 by serial entrepreneur Zvi Schreiber and headquartered in Jerusalem, Freightos operates an online freight sales platform where freight vendors can upload complex contracts and generate quotes within minutes. To date, Freightos has raised $94.4 million. The company employs a team of 168 people, 45 of whom in Jerusalem and the rest in Hong Kong, Barcelona, and Miami.
The Freightos platform offers features such as price comparison, instant booking, and shipment tracking for freight shipments, and boasts a network of over 1,200 providers and over one million quote requests monthly.
“SGX is excited by the potential to develop risk management tools and services, and build on Singapore’s unique position in the trade ecosystem,” Michael Syn, head of derivatives at SGX, said in a statement.