Xeneta, the leading ocean and air freight rate platform, secures an $80 million investment led by Apax Digital. The funding, including participation from Lugard Road Capital, supports Xeneta’s mission to reshape the logistics industry.
Xeneta, the foremost platform for ocean and air freight rate benchmarking and market analytics, has successfully raised $80 million in a funding round led by Apax Digital. The investment, valuing Xeneta at $265 million, will drive platform development and global team scaling, allowing the company to expand into new markets. In a dynamic market affected by a global pandemic, geopolitical shifts, and climate-related events, Xeneta addresses the pressing need for real-time, actionable freight rate data. The platform, offering the world’s largest and most accurate dataset, brings transparency to the supply chain, helping companies navigate uncertainties.
Unlike other shipping rate solutions, Xeneta provides a neutral and accurate source of data, incorporating advanced analytics and visualisation. With a crowdsourced approach, Xeneta levels the playing field for freight buyers and sellers, offering benchmarking, tendering, budgeting, planning, and reporting capabilities. The funding, with Apax Digital as the lead investor, positions Xeneta for accelerated growth and enhanced industry analyses, promoting transparency in the logistics sector.
Source – Apax Digital
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