• Sector: Data & Analytics
  • First Invested: February 2017
  • Total Invested: Undisclosed
  • Status: Current

Xeneta is the leading ocean freight rate benchmarking and market intelligence platform with the world’s largest database of ocean freight rates reporting in real time and on demand. It’s easy-to-use yet powerful reporting and analytics platform provides shippers, freight forwarders and shipping lines the data needed to compare their shipping rates against the world’s largest database of contracted rates – reporting live on market average and low/high movements.

Xeneta’s shipping indexes comprise of over 23 million contracted rates and cover over 160,000 port-port pairs with over 2 million new data points added to the platform monthly.

To date, Xeneta has over 700 worldwide companies as customers, across all industries including leading companies like Nestle, Kraft Heinz, BASF, Brother International, ThyssenKrupp and Continental.

Founded in 2012 in Oslo, Norway, the company has been touted one of the hottest new companies in the Nordics, as well as one of the leading European companies transforming the shipping and global logistics supply chain industries by Forbes Magazine. In 2016, it was named Nordic Startup of the Year – Norway by the global Startup Awards group. Also, in 2016, CEO, Patrik Berglund, received the prestigious Lloyd’s List Next Generation in Shipping Award.  Xeneta’s main office is in Oslo, Norway with sales offices in Hamburg, Germany and Boston, Massachusetts, U.S.

Smedvig is working with Xeneta to grow its salesforce, consolidate its market leading position in ocean freight rate and deliver a long term product strategy to further disrupt the global logistics market.