Germany-based freight services provider FreightHub has raised $30m in a series B round co-led by shipping, transport and energy group AP Moller – Maersk, TechCrunch has reported.
The round was co-led by investment fund Rider Global and included Global Founders Capital (GFC), Northzone, Cherry Ventures and Unbound. Maersk took part through its corporate venturing subsidiary, Maersk Growth.
Founded in 2016, FreightHub has created a software platform that enables sea, air and rail freight providers to digitise their operations.
The platform provides tools for tracking deliveries, sharing documentation, managing shipment-related information and analysing supply chain data and reports. The funding was secured after FreightHub recently opened an office in Hong Kong.
Ferry Heilemann, FreightHub’s founder and CEO, said: “Our recent growth trajectory has confirmed the potential that our digital solutions can realise for both our customers and FreightHub’s internal processes. We will use the fresh capital to further develop our digital service offering and to expand our presence in Asia.”
The company had previously raised $20m in a late 2017 series A round led by Northzone with participation from GFC, Cherry Ventures, Cavalry Ventures and La Famiglia. The latter four had already joined Saarbruecker21 for its $3.3m seed funding round in 2016.