Freightera, North America’s most rapidly growing online freight marketplace, has just been listed on the OCMX private market to raise its $5M Series A
TORONTO, ON, March 21, 2018 /24-7PressRelease/ — Freightera, North America’s leading online freight marketplace for LTL shipping, has joined a growing number of firms raising funds on the private markets. Freightera has already raised $4.2M in private equity and plans to raise its $5M Series A from the private market.
“In Canada, the private markets are three times larger than public markets, and growing,” noted Freightera Founder and CEO Eric Beckwitt, “Many firms that traditionally used an IPO to raise capital are discovering that private markets are a better solution.”
Based on the most recent data available about $150B per year is invested in private equity annually in Canada. Compare this to mere $50B invested in all Canadian publicly traded companies each year.
The OCMX is one of a small group of marketplaces matching investors with carefully vetted private companies.
“The OCMX™ is pleased to announce the listing of Freightera Logistics Inc. to its online portal which offers Investors and Advisors the ability to participate in this opportunity, noted Ali Javed, Financial Analyst at Optimize Capital Markets, which operates the OCMX, “The OCMX™ has spent considerable time completing its due diligence on Freightera Logistics Inc. and concluded that there is indeed a tremendous opportunity for Investors and Advisors.”
The OCMX™ noted that Freightera Logistics Inc. exhibits the main components of any solid investment opportunity, namely a solid management team, a great track record, and a number of key competitive advantages.
Freightera’s breakthrough technology solves a long standing difficult problem, creating an “airline reservation system for trucking”.
Expedia and other travel sites were able to disrupt the flight booking industry, replacing travel agents, because there are only about 70 airlines in North America, flying between about 600 airports, and the SABRE system had already compiled all rates in a central database.
For freight shipping, the problem is vastly more complicated, with over 750,000 trucking companies licensed with the US Department of Transportation, and the need to have rates to/from over 1 million zip and postal codes in North America. Unlike for travel, there has been no central database system for freight rates, and transport companies use different ways to calculate rates based on company size, type of freight etc.
“At Freightera, for the first time, we have developed a system that allows transport companies of all sizes and modes (road, rail, air, ocean) to quickly and efficiently create, update and maintain their rate, transit time and availability data,” noted Eric Beckwitt, “We currently have over 14B billion live rates in system, from transport companies of all sizes, and we are growing at the rate of 500M+ rates per month.
The Freightera platform provides 24/7 online access to instant all-inclusive quotes from hundreds of carriers. More than 6,500 manufacturers, distributors, wholesalers and importers have signed up with Freightera, and hundreds of new companies are joining the system every month. According to industry experts, at the current rate of growth, Freightera will have the broadest LTL (less than truckload) coverage in North America by Q2 or Q3 2018.
“The Freightera platform is designed to be global, providing instant rates direct from transport companies from/to any location on earth,” Eric Beckwitt stated, “but all successful global platforms need to roll out in a controlled sequence. We have built a minimum viable product for North American LTL, once we are #1 in this niche we will move quickly into adjacent markets.”
About the OCMX
The OCMX™ is literally changing how companies and investment funds generate exposure in the marketplace and raise funds as we know it. The OCMX™ serves both public and private companies along with investment and mutual funds which need to raise additional funds or gain significant market exposure. It does this by way of connecting the relevant companies, funds, investors, and advisors all in one online transparent portal. The OCMX is not a stock exchange, trading platform or quotation system. The OCMX™ (P2P Financial Inc.) launched in September of 2009 out of Toronto but has since expanded its operations to include Quebec, Alberta, Manitoba, and British Columbia.
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Freightera is creating a unified global marketplace for freight transportation. Starting in North America, Freightera is automating freight transportation and increasing operating margins for carriers and businesses shipping freight. Freightera creates partnerships and systems and promotes new technologies that allow business to find the best price and lowest emission transportation options. Over 6,500 manufacturers, distributors, wholesalers and retailers in the US and Canada use Freightera for 24/7 online access to billions of all-inclusive freight rates and instant freight booking. For more information, see www.freightera.com.
Media Contact: Zhenya Beck
Freightera Logistics Inc.
200-375 Water Street
Vancouver, BC V6B 0M9
Tel: (800) 886-4870
Email: [email protected]
The Securities of Freightera have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to the account or benefit of any U.S. person, unless pursuant to an exemption from Unites States federal and State securities laws, as applicable.
Prospective investors interested in investing in Freightera can contact the company for more information about the company and about any interest they may have in investing in the company. Potential investors will need to be qualified under an exemption from the prospective requirement prior to making any investment in the company.
No securities regulatory authority or regulator has assessed the merits of the statements made in this release. Any investment opportunity in the company is speculative and involves a high degree of risk. There is a risk that any investment made will be lost entirely or in part. Only prospective investors who do not require immediate liquidity of their investment and who can afford the loss of their entire investment should consider an investment in the company. No securities of Freightera are listed on any stock exchange, trading platform or quotation system.
This release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. Forward-looking information in this release includes, without limitation, the statements regarding the future growth, success of any financing, market performance or profitability of Freightera, and other statements that are not historical facts. The company gives no assurance that such expectations and estimates will prove to be correct. The company cautions interested investors that any forward-looking information provided by the company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors, including, but not limited to, the state of the financial markets for the company’s securities, the state of the market for its services, and other risks associated with the industry within which the company operates.
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