[NEWS] FreightHub, the European digital freight forwarder, collects $30M Series B – Loganspace

FreightHub, the European digital freight forwarder, has raised $30 million in Sequence B financing. Leading the spherical is Rider World — a endeavor fund acknowledged to be founded by logistics consultants — along with Maersk Growth, the corporate endeavor arm of container shipping large A.P. Moller-Maersk.

Original investors Northzone, Rocket Web’s World Founders Capital (GFC), and Cherry Ventures also participated. I’m advised the London-based mostly investment firm Unbound, founded by Shravin Mittal, a very good deal expanded its stake too.

Working within the freight industry, an antiquated market that is ripe for digitalisation and as a outcome has attracted aplethoraof smartly-funded startups, FreightHub is taking off to compete with and substitute frail freight forwarding corporations who on the total rely on legacy IT programs and cumbersome and book processes.

Described as a actually-fledged freight forwarder, the Berlin and Hamburg-based mostly startup offers transport products and companies for sea, air and rail freight, constructed on digitized processes – from booking, communication, data substitute and epic management to produce chain optimization.

Closing year,off the befriend of its $20 million Sequence A, FreightHub says it carefully invested in alternate choices for digital collaboration between prospects, companions and suppliers and expanded the interface capabilities for its system integration capabilities. The firm also expanded its provider portfolio, in conjunction with obtaining an IATA license for air freight products and companies.

“Our forwarding resolution offers extra transparency, reliability and within the extinguish time and price advantages for gargantuan and mid-sized organisations,” saysFreightHubCCO Michael Wax in a press start. “This day, we befriend about a of basically the most smartly-known German brands and grew our volumes again 3x year over year”.

Claiming extra than 1,500 prospects – in conjunction with smartly-known corporations equivalent to Home24, Miele and Viessmann – as smartly as to original areas in Berlin and Hamburg, the FreightHub no longer too lengthy within the past opened its first Asian place of job in Hong Kong and received a sea freight forwarder specialised in Asian imports.

“Our original enlighten trajectory has confirmed the capability that our digital alternate choices can price for every our prospects and FreightHub’s interior processes,” adds FreightHub founder and CEO Ferry Heilemann. We can use the brand new capital to extra make our digital provider providing and to lengthen our presence in Asia”.