Freightify raises $12 million in series A led by Sequoia Capital

Freight rate management SaaS platform Freightify has raised $12 million in a Series A round of funding led by Sequoia Capital India with participation from TMV and Alteria Capital. The round also includes participation from previous investors Nordic Eye Venture Capital and Motion Ventures. The funding round involves a mixture of equity and debt.

Freightify helps power digital transformation of Freight forwarders through their suite of proprietary products. The company has previously raised $2.5 million in funding, bringing the total to $14.5 million raised so far.

The company will use the funding to strengthen product offerings and add new functionalities, expand the sales presence globally, build channel partnerships,