Unigestion invests in FreightWise
Our investment strategy is focused on providing flexible capital solutions to entrepreneur-led businesses that have a proven product/market fit. Through superior technology and transportation expertise, FreightWise delivers optimised routing and faster shipping times, generating real economic savings and a positive environmental impact for its customers. We are thrilled to join FreightWise in their next phase of organic and acquisitive growth.
Unigestion, the independent, specialist asset manager, has led a significant minority investment in FreightWise, a US logistics technology business, alongside the founders, Elyan Partners and Riverside Acceleration Capital. Stillwater Capital acted as sell-side adviser to the transaction.
Founded in 2015, FreightWise is a logistics technology company that delivers faster shipping times and lower shipping costs to customers around the US and Canada. Through its proprietary cloud-first, mobile-friendly Transportation Management System, shippers can manage freight data, decisions and documents in a seamless manner integrated across their current ERP, warehouse and other internal systems. FreightWise combines its technology platform with a managed service offering, including cost management, freight audit and pay, which generates immediate and ongoing savings for its customers.
We have looked at many opportunities in the logistics space and it is rare to find a team who have a potent mix of first-hand supply-chain and technology expertise. I am excited about working with the team at FreightWise to grow the market footprint and expand the offering even further.
FreightWise has more than 170 customers spanning manufacturing, technology, distribution and retail industries and a growing team of 130 employees. It aims to more than triple its customer base and staff over the next five years.
The growth in e-commerce continues to drive higher volumes and pricing in the North American freight market and has raised expectations from end-customers. To meet those challenges, FreightWise delivers the tools for shippers to better manage their freight through improved supply chain strategy, lower freight costs (>20% savings) and streamlined operations, ultimately driving better end-customer outcomes.
We started in 2015 with a simple belief that technology, paired with industry know-how, can save shippers tremendous amounts of time and money. Our game plan has been simple – identify shippers’ pain points and build solutions that work. We are moving fast and adding new capabilities weekly and sometimes even daily. We are constantly looking for ways to make our clients’ lives easier and to solve more of the industry’s needs. With Unigestion at our side, we are excited to be able to move even faster and with more scale.
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