PE-VC Fund Investments
Spend management platform Freehand raises $75-M in funding
Chennai- and San Francisco, CA (USA)-based Freehand has raised USD 75-M in a funding round co-led by Battery Ventures and NewRoad Capital Partners including participation from PSP Growth and Nexus Venture Partners.Co-founded by Nitin Jayakrishnan and Abhijeet Manohar (who formerly founded Pando), Freehand provides autonomous AI agents that manage supply-chain spend for enterprises. The company's technology replaces legacy software and outsourced labor by automating workflows such as negotiating rates, enforcing contracts, managing suppliers, processing payments, and reconciling data.The company plans to use the new funds to scale its AI teams and expand its enterprise footprint.
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