FreightHub
FreightHub Raises $30M in Series B
Quick Facts
FreightHub Raises $30M in Series B
FreightHub has successfully raised $30M in a Series B at a $150M valuation led by Northzone, Cherry Ventures, Cavalry Ventures, Signals Venture Capital.
Company Overview
FreightHub is a Logistics company headquartered in Kapstadtring 10, Hamburg 22297, Germany, founded in 2016 with 200+ employees.
Digital freight forwarding
Fundraising Details
- Amount Raised: $30M
- Round Type: Series B
- Valuation: $150M
- Date: 2024-03-28
- Investors: Northzone, Cherry Ventures, Cavalry Ventures, Signals Venture Capital
About FreightHub
Digital freight forwarding The company is positioned in the Logistics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Kapstadtring 10, Hamburg 22297, Germany
- Founded: 2016
- Team Size: 200+
- Industry: Logistics
What This Means
This funding round demonstrates strong investor confidence in FreightHub's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. FreightHub's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $150M valuation marks an important milestone for FreightHub, positioning the company among notable players in the Logistics industry.
Looking Ahead
With this new capital, FreightHub is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-03-28. For more information about FreightHub, visit their headquarters at Kapstadtring 10, Hamburg 22297, Germany.
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