FreightHub, Europe’s first digital freight forwarder has raised USD 30 million (around €27 million ) in its Series B financing round. Rider Global, a venture fund founded by logistics experts, took the lead in this funding round and was welcomed as new investor together with Maersk Growth, the corporate venture arm of A.P. Moller‐Maersk – the world’s largest container shipping company.
Existing investors Northzone, Global Founders Capital (GFC) and Cherry Ventures also took part. London based investment firm Unbound, founded by Shravin Mittal and focused on deploying long term capital in industry changing tech companies, significantly expanded its stake.
“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,” explained founder and CEO Ferry Heilemann. “With Maersk Growth, we have onboarded a new investor that offers extensive strategic insight and allows for mutual collaboration opportunities.” Ferry Heilemann co‐founded the company in 2016 together with Erik Muttersbach (CTO), Michael Wax (CCO) and Dr. Fabian Heilemann, who currently serves as Chairman of the Shareholders’ Advisory Board. Dr. Michael Ardelt (COO) joined the company in 2017.
“FreightHub is a well‐run company with a promising technology in the digital freight forwarder segment. This makes it a great fit with Maersk Growth’s investment strategy which aims to explore and mature promising technologies with a potential to improve supply chain management and customer experience,” said Jeppe Høier, Partner at Maersk Growth. “As a digital leader in container logistics, we believe in cooperation and learning experiences across the digital ecosystem of our industry. We look forward to accompanying FreightHub in further developing as digital freight forwarder and believe our cooperation can help both companies build on their capabilities and offerings to the benefit of existing and new customers in the SME segment.”