Chaotic ocean freight market leads to fresh equity investment in Xeneta

Demand for rate benchmarking tools grew during the pandemic’s wild pricing swings in ocean shipping, which has helped fuel a new $80 million investment in Oslo-based software provider Xeneta.

Xeneta caters primarily to shippers with a platform that helps them benchmark their contract rates against other customers’ rates on the same lanes. Photo credit: Shutterstock.com.

Demand for rate benchmarking tools grew during the pandemic’s wild pricing swings in ocean shipping, which has helped fuel a new $80 million investment in Oslo-based software provider Xeneta.