Freightify raised a $12 million in Series A led by Sequoia Capital India

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Freightify raised a $12 million in Series A led by Sequoia Capital India, where Trail Mix Ventures and Alteria Capital with returning investors Nordic Eye Venture Capital and Motion Ventures also participated.

Freightify is currently post-revenue, with pay-per-use pricing packages. Freightify’s main competitors, according to Viswanathan, are spreadsheets and “the reluctance of freight forwarders to use technology,” but more are willing to adopt technology, thanks in part to the pandemic’s drive toward digitization. Freightify’s new funding will be used for product development and the introduction of new features, as well as the expansion of its international sales team, channel partnerships, and marketing.

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Freightify raised a $12 million in Series A led by Sequoia Capital India

Freightify raised a $12 million in Series A led by Sequoia Capital India, where Trail Mix Ventures and Alteria Capital with returning investors Nordic Eye Venture Capital and Motion Ventures also participated.

Freightify is currently post-revenue, with pay-per-use pricing packages. Freightify’s main competitors, according to Viswanathan, are spreadsheets and “the reluctance of freight forwarders to use technology,” but more are willing to adopt technology, thanks in part to the pandemic’s drive toward digitization. Freightify’s new funding will be used for product development and the introduction of new features, as well as the expansion of its international sales team, channel partnerships, and marketing.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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