Hong Kong: An Expedia for the shipping industry just raised $25m

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• Freightos, a Hong Kong-headquartered startup that lets people compare prices and book shipping services, has raised a US$25 million funding round led by GE Ventures, the venture capital arm of General Electric. It’s an extension of its series B round.
• The booking and price comparison service is new. Freightos’ main product is AcceleRate, a subscription software for carriers and freight forwarders to automate calculating and managing shipping rates.
• Asia has a few notable shipping-related startups (they all have “ship” in their names, and are based in Hong Kong): AfterShip and Easy Ship.

Source: Freightos, TechCrunch

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