Xeneta has raised $56.0M in total across 5 funding rounds.
Xeneta's investors include Balderton Capital, Creandum, HV Capital, Octopus Ventures.
Xeneta is a technology company founded in 2012 that provides the world's largest ocean and air freight rate benchmarking and market analytics platform, delivering real-time insights from millions of contracted rates to transform supply chain management.[1][3][5] It serves global shippers (e.g., Nestlé, Volvo, Coca-Cola, Stanley Black & Decker), logistics service providers (LSPs), forwarders, and carriers, solving the freight industry's core problems of opacity, volatility, and unreliable data that lead to poor negotiations, inflated costs, and inefficient procurement.[1][2][4] By crowdsourcing unbiased data from over 600 major businesses covering 60,000+ port-to-port pairings, Xeneta enables users to benchmark rates, optimize contracts, cut costs by 3-5%, compress tender cycles, and build resilient supply chains with AI-enhanced predictions and expert support.[2][4][5][7]
The platform's growth momentum is strong, recognized as Norway's Startup of the Year 2016, with continuous data updates, expansion into AI for anomaly detection and market forecasting, and case studies showing multimillion-dollar savings for clients like Electrolux and ROCKWOOL.[4][5][6][7]
Xeneta was founded in 2012 in Oslo, Norway, by Patrik Berglund and a team with deep backgrounds in logistics, technology, and business, driven by firsthand experience with the ocean freight market's high volatility and lack of transparency.[1][3][5][6] Berglund identified a "chicken and egg problem": shippers made million-dollar decisions with incomplete data, while carriers struggled to prove their value, so he set out to create a shared platform for fair, data-driven negotiations.[1][5] Early challenges involved persuading carriers, forwarders, and shippers to share data without immediate returns, but this crowdsourcing approach quickly built the industry's largest dataset of real-time and contracted rates.[5] Pivotal moments include rapid scaling to over 21 million rates across 60,000 pairings, earning Norway Startup of the Year 2016, and evolving from ocean freight focus to adding air freight analytics.[5][6]
Xeneta rides the wave of supply chain digitization and transparency demands in the $200 billion container shipping industry, amplified by post-pandemic volatility, geopolitical disruptions, and rising freight costs that exposed outdated, opaque processes.[1][2][5][6] Its timing is ideal amid e-commerce growth, nearshoring, and multimodal logistics needs, providing tools for resilient networks when manual tenders fail under rapid market shifts.[2][4] Market forces like AI adoption in logistics and data-sharing networks favor Xeneta, as it influences the ecosystem by standardizing fair negotiations, enabling predictive analytics, and pushing carriers toward value-based pricing—potentially expanding to road, rail, and warehousing.[5][7] As a Nordic tech leader, it demonstrates how specialized SaaS platforms can disrupt B2B industries reliant on trust and data.
Xeneta is poised to dominate freight intelligence by deepening AI integration for multimodal expansion (air, road, rail) and predictive tools, capitalizing on persistent global volatility to grow its dataset and client base beyond current leaders like Nestlé.[5][7] Trends like generative AI for rapid innovation, regulatory pushes for supply chain transparency, and sustainability tracking will shape its path, potentially evolving it into a full logistics OS. Its influence may grow by setting industry benchmarks for data-driven procurement, tying back to its founding mission of replacing opacity with shared reality for fairer, more efficient global trade.[1][2]
Xeneta has raised $56.0M across 5 funding rounds. Most recently, it raised $29.0M Series C in June 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2021 | $29.0M Series C | Balderton Capital, Creandum, HV Capital, Octopus Ventures | |
| Mar 1, 2019 | $8.0M Venture Round | Balderton Capital, Creandum, HV Capital, Octopus Ventures | |
| Feb 1, 2017 | $12.0M Series B | Balderton Capital, Creandum, HV Capital, Octopus Ventures | |
| Feb 1, 2015 | $5.0M Series A | Balderton Capital, Creandum, HV Capital, Octopus Ventures | |
| Apr 1, 2013 | $2.0M Seed | Balderton Capital, Creandum, HV Capital, Octopus Ventures |
