CONCEPT

Freightos is an online international freight marketplace that takes all the data, admin and logistics associated with transporting goods and puts it into one simple website. A customer wishing to transport goods simply types in what, where and when they require, and Freightos will use its immense algorithms to find the best route, price and provider for all rail, shipping, truck and even drone freights. It provides instant comparison, booking, and management of freight services from multiple logistics providers.

HOW THEY’RE DISRUPTING

This international online freight marketplace is bringing this industry into the digital era and making global shipping faster, cheaper and smoother.

DISRUPTION POTENTIAL

Within the next decade, the global logistics market will be worth $15.5 trillion. Investment in technological innovation is one of the major drivers in the market.

INVESTMENTS AND FUTURE

The company has received a total of $55.9 million in funding, most recently securing a $25m Series B round in March 2017, led by GE Ventures. Other investors include ICV, Aleph and MSR Capital.

The company has recently partnered with London’s Baltic Exchange to launch a freight index that will cover major global trade-lanes.