Series A Investment

InstaFreight Closes EUR 8 Million Series A Round

Press Release Nov, 2017

InstaFreight Closes EUR 8 Million Series A Round

Berlin, 29th of November 2017 – The digital forwarding company InstaFreight (https://www.instafreight.com) closed a series A funding round of EUR 8 million with a private investment company. Additionally, Maximilian Schaefer joined the management team where he brings his vast knowledge of logistical operations. Mr. Schaefer worked as a member of the senior management team at the logistics service provider, TNT. He also set up the logistics for La Moda, a leading e-commerce company in Russia; after which he completed his MBA at Harvard University. Since then, co-founder Philipp Ortwein and the InstaFreight team have welcomed him as managing director to drive the operational side of the startup.

InstaFreight is a Berlin-based company that is reshaping the highly-fragmented transport market in Europe. Since its inception in June 2016, the startup has operated as a digital forwarding company and has positioned itself as a one-stop-shop for road freight: from a single pallet to a 40t full truckload. InstaFreight has digitalized their entire process from quoting prices to invoicing. This leads to higher efficiency and saves time as the administrative efforts of all stakeholders are reduced. Therefore, InstaFreight is particularly tailored to B2B customers looking to book a transport service online – quickly and conveniently.

InstaFreight distinguishes itself from its competition in particular by the one-stop-shop approach, as well as, by its price algorithm. This instantly provides a price quote that customers can book immediately. In addition to spot orders, recurring shipments can also be booked on fixed terms. InstaFreight is the contract and contact partner for every transport. With its pool of over 3,000 subcontractors and selected transport networks, InstaFreight is able to ship transports in Germany and across the EU.

"We are excited to have an experienced new investor on board. The capital from the financing round enables us to further develop the business model and thereby cope with the rapidly increasing transport volumes. In addition to increasing automation, our priority is to further strengthen the data interfaces for our customers and partners", says InstaFreight co-founder Philipp Ortwein. "In this manner, we continue to work for the benefit of our customers on the digitization of the forwarding market."

About InstaFreight

InstaFreight is a vertically integrated B2B online freight forwarder that enables fast and fully digitalized booking of forwarding services. By reducing the complexity of the supply chain, InstaFreight increases transparency for customers and carriers. InstaFreight carries out shipments of different volumes – from a single pallet to full truckloads in Germany and across the EU. The company is a member of the German Logistics Association and works as a forwarding agency in accordance with the General German Forwarder Conditions (ADSp). Co-founders and managing directors are Philipp Ortwein and Maximilian Schaefer.

InstaFreight offers shippers an end-to-end digital solution for their transport needs. This ranges from quoting, booking and track & trace including automatic notifications to digital document management. The shipping industry thus benefits from efficient processes that save time and money as well as from a transparent supply chain. With InstaFreight, carriers can meet the digital needs of shippers, optimize their capacity utilization, and are paid faster with more attractive rates.