Elaia et al. invest €25m in Fretlink series-B

Two years ago, Elaia Partners, Breega Capital, Tekton Ventures, Daphni, The Family and SGH Capital took part in a €6m round for the web platform operator. These historical investors have recommitted capital in the latest round, investing €12m according to online channel Eu-startups.com and French publication Les Echos.

Backing the business for the first time were Weaving Invest and business angel Fabrice Grinda, an investor in Dropbox and BlaBlaCar, as well as France-based corporates Edenred and Tip, both operating within the transport sector, the publications said.

The fresh capital will help the business open new offices in Germany and Belgium this summer, and in Poland after that, as well as hire 100 people by the end of 2020, both Eu-startups.com and Les Echos reported.

Company 
Based in Paris and established in 2015, Fretlink is an operator of a web platform that connects shippers and carriers in Europe. Its platform centralises data throughout the transportation chain, allowing companies to optimise their logistics costs. It serves 400 clients, including Saint-Gobain, Nestlé, Mars, Suez and Ferrero.

People 
Fretlink – Paul Guillemin, Antoine Le Squeren (founders).

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