# Xeneta AS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xeneta

- Industry: Software
- Headquarters: Oslo, Norway
- Website: www.xeneta.com
- Total disclosed funding: $47M
- Latest round: Series C (Jun 17, 2021)
- Investors on record: 7

## About

Established in 2012 and based in Oslo, Norway, Xeneta AS develops and operates an ocean freight benchmarking and market intelligence software platform. Patrik Berglund (CEO) and Thomas Sørbø are the co-founders of the company. In September 2022, Xeneta AS raised USD 80 million in secondary stock purchase funding from Apax Partners and Luxor Capital Group, valuing the company at USD 265 million post-money. As of 2023, the company also has offices in Hamburg and New Jersey, and its customers include Electrolux, Flexport, Mahle, Farm Frites, Volvo, Pfizer, Diageo, and others.

The company provides a platform that provides data on shipping rates, actual transit times, and insights about ocean freight spot market rates and their fluctuations. The platform of the firm assists users in understanding their own freight procurement performance in relation to the market, as well as in optimising supply chain logistics with optimal price-to-quality rates. Xeneta’s platform features include ocean intelligence, ocean analytics, air intelligence, carbon emission index (CEI), API, and reports.

The organization plans to use the September 2022 funding to accelerate the development of its container shipping and air cargo market analytics platform.

## Funding rounds

- Series C, Jun 17, 2021, $29M — Creandum, Investinor, Luxor Capital Group
- Series B, Feb 9, 2017, $12M — Alliance Venture, Smedvig Capital, Creandum
- Series A, Feb 5, 2015, $5.3M — Alliance Venture, Creandum, Point Nine, ALDEN SAS
- Seed, Apr 11, 2013, $1.6M — Creandum

## Investors

- Creandum (https://capitalatlas.ai/funds/creandum) — Seed, Series A, Series B, Series C
- Alliance Venture (https://capitalatlas.ai/funds/alliance-venture) — Series A, Series B
- Point Nine (https://capitalatlas.ai/funds/point-nine) — Series A
- ALDEN SAS — Series A
- Smedvig Capital (https://capitalatlas.ai/funds/smedvig-capital) — Series B
- Investinor (https://capitalatlas.ai/funds/investinor) — Series C
- Luxor Capital Group (https://capitalatlas.ai/funds/luxor-capital-group) — Series C