Ocean rate mgmt co Freightify raises $2.5 M from Nordic Eye, Tradeworks VC, others

Freightify, a Chennai-based ocean rate management platform, has raised USD 2.5 million (about INR 18.6 crore), led by Nordic Eye Venture Capital. The pre-series A round also saw participation from Tradeworks VC, Venture Catalysts, 9Unicorns, and Blume Founders Fund. Existing investor Vinod Kumar Talreja also participated in the round. The firm will use the proceeds to expand into the US and European markets and also invest in its product ecosystem covering other stakeholders of the container supply chain. Freightify makes it easier for small and mid-size freight forwarders with little to no technology expertise to set up an online own branded storefront. This store is powered by data from various sources including live prices from ocean carriers like Maersk and CMA CGM.