News / Xeneta raises $80m to fund new hires and possible acquisitions

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Crowd-sourced ocean and air freight rate benchmarking platform Xeneta is set to receive an $80m cash injection after a new fund-raising round led by private equity-backed Apax Digital.

Lugard Road Capital, which was the lead investor with a $28.5m tranche in Xeneta’s series C fund raising in June 2021, also participated in this latest round.

The company said the addition of new funds now meant it was valued at $265m.

A Xeneta spokesperson told The Loadstar that the investment would be ploughed into ...