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Freightos
Freightos, led by Zvi Schreiber, went public on Nasdaq in 2023 and operates the Freightos Baltic Index for container spot rates.
Freightos
Founded by Zvi Schreiber in 2012, Freightos emerged from his prior logistics-software ventures to attack what he described as a trillion-dollar industry still running on spreadsheets and phone calls. The core insight was that container shipping lacked a Globally-accepted data standard, so Freightos built one — ingesting carrier schedules, rate cards, and customs data into a real-time pricing engine that mimics the transparency of airfare booking. Schreiber, a computer-science PhD who had already founded and exited enterprise-data businesses, brought the company through eight private funding rounds before executing the 2023 Nasdaq debut under ticker CRGO. The platform spans three connected products: a webCargo SaaS suite used by airlines and ocean carriers to manage and distribute rates, a Freightos.com marketplace that lets small importers compare and book container spots directly, and the Freightos Baltic Index — a joint venture with the Baltic Exchange that supplies weekly container spot-price benchmarks for 40+ trade lanes. Active carrier integrations include CMA CGM, Hapag-Lloyd, and Qatar Airways Cargo. The geographic footprint covers Israel, Spain, Hong Kong, and a New York-based commercial team serving North American importers. As a public company, Freightos does not report assets under management; the relevant scale metric is gross booking value transacted on the platform. The 2023 merger with Gesher I Acquisition Corp generated roughly $80 million in cash to the balance sheet. Full-year 2023 revenue reached approximately $20 million, with the company guiding toward positive adjusted EBITDA during 2025. March 2024: Freightos expanded its spot-rate coverage to include air-cargo lanes out of the Middle East, signing new carrier agreements in a region where supply-chain re-routing around Red Sea disruptions had concentrated freight demand. Freightos is structurally unusual in that it is a publicly listed, venture-capital-backed platform that also produces a widely cited industry index — fusing marketplace economics with price-benchmarking in a way that resembles a cross between SAP, Expedia, and Platts. Because its API connects directly to carrier rate-management systems, Freightos gains an aggregated visibility into pricing trends that competitors relying on survey data cannot replicate, giving it an information moat alongside its transaction revenue.
General information
Firm type
Asset Manager
Year founded
2012
AUM
Undisclosed
Location
Region
Middle East
Country
Israel
City
Jerusalem
Corporate office
Jerusalem, Israel
Additional offices
Barcelona, Spain · Hong Kong · New York, United States
Principals
Zvi Schreiber
Chief Executive Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Freightos?
Freightos is a publicly traded company, not a family office or external fund manager; capital allocation decisions are made by CEO Zvi Schreiber and CFO Ran Shalev under board oversight. The board includes representatives from long-time venture backers such as Aleph and MoreVC. Strategic investments and M&A are evaluated as part of the company's operational plan rather than a separate portfolio mandate.
How does Freightos source its transactional data for the Freightos Baltic Index?
The Freightos Baltic Index aggregates live spot-rate quotes and transacted rates from the Freightos platform, which connects directly into carrier rate-management systems via API. Unlike traditional indices that rely on survey panels of freight forwarders, this methodology pulls pricing data from actual digital sales channels operated by carriers such as CMA CGM and Hapag-Lloyd. The index is published weekly in partnership with the Baltic Exchange.
Is Freightos structured as a family office or does it operate more like a venture-backed tech company?
Freightos is a venture-backed technology company that went public via a SPAC merger in January 2023 and trades on Nasdaq as CRGO. Prior to the listing, it raised over $100 million in private funding rounds from investors including Aleph, MoreVC, Singapore's Federated Capital, and the Qatar Airways venture arm. It has never been a family office or private investment vehicle.
What revenue model does Freightos use?
Freightos generates revenue through SaaS subscription fees paid by carriers and freight forwarders for access to the WebCargo pricing platform, as well as transaction fees on bookings completed through the Freightos.com marketplace. It does not take positions in shipping capacity or commodity freight derivatives, which separates it from trading-oriented logistics platforms.
Which shipping modes does Freightos cover?
Originally focused on ocean-container freight, Freightos added air-cargo pricing and booking in 2021 following its acquisition of 7LFreight and has since expanded coverage to over 40 trade lanes. The platform currently covers full-container-load ocean, less-than-container-load ocean, and general air cargo, with trucking and rail not yet integrated as core products.
How is Freightos related to the Baltic Exchange?
Freightos and the Baltic Exchange operate the Freightos Baltic Index as a joint venture launched in 2018. The Baltic Exchange, a 275-year-old maritime institution now owned by the Singapore Exchange, provides market governance and benchmarks while Freightos supplies the underlying transactional pricing data from its digital platform.
What is Freightos's known posture on strategic acquisitions?
Freightos has used acquisitions to expand its modal coverage and data reach, most notably acquiring Oregon-based 7LFreight in 2021 to add air-cargo pricing. The company has publicly stated it will continue to evaluate tuck-in acquisitions that bring new carrier relationships or technology capabilities, prioritizing deals that can scale across its existing platform rather than entering adjacent logistics segments.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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