Eyefreight raises $11.8 million
Eyefreight is a transportation management software company that has raised €9 million ($11.8 million) in a funding round that was led by existing investors De Hoge Dennen Capital and Global Cleantech Capital. Eyefreight will be using the funding to expand operations in North America. Eyefreight will be using the funding to enhance their software-as-a-service product and support their demand in North America. The company will be establishing headquarters in Evanston, Illinois.
“Eyefreight has always created unique solutions to address global logistics operations issues,” stated Ken Fleming, CEO of Eyefreight. “Our technology enables large, multi-national shippers who require a single platform to better manage outsourced transportation and gain flexibility within their logistics operations. This funding enables us to bring to North American businesses the same supply chain efficiencies we’ve helped brands attain in the European market, where we’ve helped clients achieve up to 20 percent reduction of total freight costs by increasing supply chain visibility.”
Eyefreight was one of the fastest growing transportation management software providers in Europe. The company has achieved record sales and has tripled in size since being founded in 2008. Some of their customers include Levi’s, Tata Steel, Campari, and Heineken.