Xeneta Secures $108M in Series B Funding to Revolutionize the Shipping and Logistics Industry

Xeneta, the foremost ocean and air freight rate benchmarking and market analytics platform, has announced a significant funding achievement, raising $108 million to further its mission of transforming the shipping and logistics industry. With a powerful reporting and analytics platform, Xeneta empowers liner-shipping stakeholders by providing invaluable data to understand both current and historical market behaviors. The company’s extensive database encompasses over 400 million contracted container rates that span across more than 160,000 global trade routes, enabling clients to make informed decisions based on live market averages as well as low and high movements for both short and long-term contracts. This substantial investment will be strategically utilized to enhance its innovative solutions, expand Xeneta’s global presence, and accelerate product development initiatives to meet the escalating demands of an ever-evolving market. As a privately held company headquartered in Oslo, Norway, with regional offices in New York and Hamburg, Xeneta is poised to leverage this funding to solidify its leadership position in freight analytics while providing greater transparency and efficiency in the logistics sector. This new infusion of capital reflects the growing recognition of Xeneta’s unique value proposition and the transformative impact its solutions can have on the industry, setting the stage for a robust future.