Investment & Fund Management
a French company specializing in software for logistics and transportation
Full Credential Description
Fretlink, a French company specializing in software for logistics and transportation management, faced significant challenges in a fragmented logistics market characterized by inefficiencies. The industry suffers from a high rate of empty trucks, with estimates suggesting that one in four trucks runs empty and the average fill-rate is only 70%. This inefficiency is compounded by a simultaneous shortage of trucks and drivers in Europe. To address these issues, Fretlink developed a software-as-a-service (SaaS) platform that connects shippers with carriers, optimizing the transport of goods through advanced technology.
The tailored solution provided by Fretlink allows professional shippers to easily find suitable carriers, estimate shipping rates, and track their shipments. For carriers, the platform eliminates the need to sift through numerous offers or engage in lengthy negotiations, as it automatically matches their needs with available loads. This innovative approach not only enhances operational efficiency but also promotes environmental sustainability by maximizing truck capacity. For instance, Fretlink successfully coordinated shipments of Kronenbourg beer crates alongside designer-brand fashion items, demonstrating the platform's ability to optimize logistics across different sectors.
Fretlink's growth was significantly bolstered by an investment from Daphni Purple, a venture capital fund supported by the European Investment Fund (EIF) under the EUs Investment Plan for Europe. This funding was crucial for Fretlink to expand its operational and web development teams, enabling the company to secure major clients such as Carlsberg and Procter & Gamble. The investment facilitated Fretlink's scaling efforts, providing the necessary resources to meet the demands of large corporate clients who require reliability and security in their logistics operations. Looking ahead, Fretlink is poised for further expansion, having recently opened an office in Sofia to extend its reach into Eastern Europe.