# Freto Soluções e Tecnologia LTDA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/freto-solucoes-e-tecnologia-ltda

- Industry: Logistics & Distribution
- Headquarters: Sao Paulo, Brazil
- Website: www.freto.com
- Total disclosed funding: $4.4M
- Latest round: Seed (Jul 15, 2021)
- Investors on record: 1

## About

Freto Soluções e Tecnologia LTDA, based in Sao Paulo, Brazil, specializes in digital transportation logistics, connecting shippers with truck drivers to optimize heavy cargo transport.Founded in 2019 in Sao Paulo, Brazil, Freto operates as a digital platform for heavy cargo logistics, facilitating connections between shippers and carriers. The company received BRL 22.5 mn in Seed funding on July 15, 2021, from Edenred Capital Partners and individual investors, amounting to a total of BRL 22.5 mn raised. Thomas Gautier serves as CEO, leading the company's operations since its inception.Freto operates as a digital transportation company specializing in heavy cargo logistics, leveraging technology to streamline the connection between shippers and truck drivers. The company's core offerings include a digital platform that facilitates the transport of various types of goods, such as steel products, iron ore, minerals, and fertilizers. The platform allows shippers to efficiently find reliable carriers while enabling truck drivers to maximize their loads and reduce empty runs. Released in mid-2018, Freto's services have transformed logistics across Brazil, targeting businesses in need of transportation solutions as well as individual truck drivers seeking profitable freight opportunities. By combining digital innovation with a focus on operational excellence, Freto serves a diverse customer base nationwide, improving efficiency and accessibility in the freight transport sector.Freto generated revenue of BRL 120,001.4 in 2020, with an EBITDA of -BRL 1,007,777.1. The company generates revenue primarily through transaction-based models that connect businesses with logistics providers, charging fees for each successful cargo shipment facilitated through its platform. The transaction structure might include commission fees based on the value of the freight transported, ensuring that both parties benefit from enhanced operational efficiency. Freto has facilitated over 2.5 million cargo contracts and transported more than BRL 13 billion in freight, reflecting its commitment to optimizing the logistics experience for all users involved in the supply chain.In August 2021, Freto raised BRL 22.5 mn in Seed funding, led by Edenred Capital Partners. The investment will be utilized to further accelerate the company's growth, focusing on the development of new products and services. Plans for expansion include targeting new geographic markets in Brazil to enhance logistics capabilities and increase market reach. The company aims to launch upcoming innovations in its platform designed to improve user experience and operational efficiency.

## Funding rounds

- Seed, Jul 15, 2021, $4.4M — Edenred Capital Partners

## Investors

- Edenred Capital Partners (https://capitalatlas.ai/funds/edenred-capital-partners) — Seed