With an eye toward scaling up its reach to global levels, online logistics firm Freightos has wrapped up a US$25 million Series B extension round, led by GE Ventures, bringing the company\u2019s total investment funding to $50 million.
\nIn addition to growth, the funds also will be used for continued development of the software suite of global freight pricing, routing, and sales automation.
\nThe online freight Marketplace has racked up a 600 percent increase in orders in its first six months, and has more than 10,000 registered users and dozens of sellers, including the \u201ctop 20 global freight forwarders,\u201d the company said.
\nFreightos also said that its software has now been adopted by 1,000 freight forwarders. That list includes the likes of Nippon Express, CEVA Logistics, Hellmann Worldwide Logistics and Sysco Foods.
\nFreightos said that its global database of multimodal freight rates is the largest of its type in the world, \u201cexceeding 300 million price points and growing by over 10 million price points every week.\u201d
\nThose interested in learning more about airfreight in 2017, should join us at Cargo Facts Asia in Shanghai, 25 \u2013 26 April. \u00a0To register, or for more information, go to\u00a0CargoFactsAsia.com
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\nSource: aircargoworld<\/p>\n","protected":false},"excerpt":{"rendered":"