Oslo: Xeneta, the leading software platform for ocean freight benchmarking, raises $12 million in a Series B funding round

Funding Rounds

▤ Summary

Xeneta, the leading ocean freight benchmarking and market intelligence software platform, has raised $12 million in a Series B funding round led by London-based Smedvig Capital. The fresh capital will be used to fund Xeneta’s continued global expansion and to strengthen its product development and technology platform. Founded in 2012 in Oslo (Norway), Xeneta today is the largest ocean freight rate benchmarking and market intelligence platform. Customers include global market leaders such as Kraft Heinz, Electrolux, Continental, Thyssenkrupp, Akzo Nobel and Brother International. Rob Toms, Managing Director at Smedvig Capital, stated: “We are excited to be backing and working with Patrik, Thomas and their team to continue their impressive growth.

$ Funding

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Amount $12.0M Total raised
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Date February 9, 2017 Announcement date
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Investors - Lead investors
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Company http://www.xeneta.com Funded company

▥ Classifications

industries
No industries detected
applications
ERP & Process Management

◇ AskAI Classifications

Labels
Software as a Service (SaaS) Data Analytics Logistics Technology

▦ Linked Companies

Xeneta
$1M to $5M