SGX leads US$44.4m funding round for online freight platform

Singapore

THE Singapore Exchange (SGX) has closed a US$44.4 million, Series C funding round for Freightos, described as the world's largest online marketplace for freight rates.

SGX, which operates the local bourse, was joined by existing Freightos investors including General Electric Ventures (which led the previous Series B round), ICV, Aleph, and others.

The firm has raised US$94.4 million to date.

"Together with Freightos, SGX will explore the development of financial instruments to introduce the transparency, agility and risk mitigation that other industries already enjoy, beginning with enhancements to the FBX c…