The Series A round was led by Bessemer Venture Partners with participation from Dynamo Ventures and Episode 1.
"Most employees within freight forwarders spend the majority of their time communicating with the 10-25 different entities that might be associated with a given shipment and coordinating freight movement and documentation. Communication usually runs through email and attachments, so freight forwarders spend countless hours sorting through documents and manually copying data into a Transportation Management System (TMS), their core system of record. But they’re spending far too much time gathering data rather than analysing it, and they’re using outdated tools which are no longer fit for the complexity of today’s operational and logistical demands."
The funding round features participation from a syndicate of backers including Salesforce Ventures and Technology Crossover Ventures.
"In our last financial year, we grew our international new business by more than 500%, and with our world-class technology and relentless commitment driving innovation, market position and momentum, coupled with a multi-billion dollar opportunity, we look forward to continuing our impressive growth trajectory while helping our global customer base grow their businesses with improved efficiency and greater customer advocacy."
