11.03.2022
Artikel Nummer: 39954
Series B funding round raises USD 40 million
Berlin-headquartered start-up Instafreight recently closed is Series B funding round at USD 40 million. The financing round was led by Heliad and the European Investment Bank (EIB). All previous investors also participated in this round.
EIB vice president Ambroise Fayolle emphasised: “Right now, transport prices are rising, capacities are becoming scarce and yet there are 30% empty runs in European overland transport. With more than 770,000 transport companies, the market is very fragmented. Through platform technology, Instafreight makes this transport capacity more accessible.”
Founded in 2016, the company employs 200 people in Europe and carries out several thousand transports per week. (sh)