FreightHub, the first European digital freight forwarder, raised $30m in its Series B financing round, that saw Maersk joining the project. AP Møller-Maersk’s corporate venture arm, Maersk Growth, and logistics venture capital fund Rider Global joined Northzone, Global Founders Capital, Cherry Ventures and London-based investment firm Unbound, which also ploughed fresh funds into the company.
Mainly, FreightHub highlighted that it is to use the proceeds in favour of tech development and its presence expansion in Asia.
Founder and CEO, Ferry Heilemann, commneted
Our recent growth trajectory has confirmed the potential that our digital solutions can realize 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.
He continued that the addition of Maersk in this project enables it to have an extensive strategy insight and also allows for mutual collaboration opportunities.
Jeppe Høier, partner at Maersk Growth noted that Freight-Hub is a well-run company with promising technology in the digital freight forwarder sector.
Speaking in favour of Maersk, Hoier noted that the company supports cooperation and exchanging experiences throughout the industry’s digital ecosystem.
In addition, the collaboration provides transport services for sea, air and rail freight based on digital processes, as booking, communication, data exchange and document management to supply chain optimisation.