Xeneta Raises $80 Million led by Apax Digital

Xeneta, the leading ocean and air freight rate benchmarking and market analytics platform, today announced an $80 million investment at a $265 million valuation led by funds advised by Apax Digital, the growth equity arm of Apax, a leading global private equity advisory firm, with participation from NY-based Lugard Road Capital. Additionally, in an increasingly data-driven world, procurement, finance, and other corporate functions cannot operate effectively without data that is fit for purpose.Xeneta stands in stark contrast to other shipping rate and index solutions by providing organizations with the worlds largest, neutral and most accurate data source of real-time, on-demand ocean container and air freight rate market intelligence, whether for long-term contracts or spot trades. This new funding will help us accelerate development of our platform and add even more datasets to enrich our expert industry analyzes to further drive transparency in the market, said Xeneta CEO and Co-founder Patrik Berglund. Xenetas world-leading dataset and cutting-edge platform provide unique access to granular real-time information and insight, enabling data-driven freight sales and purchases. Were thrilled to partner with Patrik and the Xeneta team and help deliver their vision.Xenetas customer portfolio includes amongst others: Electrolux, Unilever, Nestle, Zebra Technologies, Thyssenkrupp, Volvo, General Mills, Procter & Gamble, and John Deere.Xeneta is the leading ocean and air freight rate benchmarking and market analytics platform transforming the shipping and logistics industry.