Xeneta Revenue, Valuation, Funding & Investors
Xeneta is valued at $265M as of September 2022, a 9.1x multiple on its last reported $29M revenue.
Last Xeneta valuation
$265M
Series D · Sep 2022
Last Xeneta funding round
$80M
Series D · Sep 2022
Xeneta revenue
$29M
Series D · Sep 2022
Key investors in Xeneta
Creandum
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AldenPoint Nine
Investinor
Alliance VC
Smedvig Ventures
About Xeneta
Xeneta is an Oslo-headquartered platform delivering real-time ocean container freight rate benchmarking for shippers and forwarders. It aggregates spot and contract rates across more than 160,000 trade lanes, powering competitive analysis and negotiations. Clients access historical trends, market alerts, and predictive analytics through a SaaS dashboard. Founded in 2012, Xeneta operates globally with offices in the U.S., U.K., and Australia, serving logistics giants like Maersk and Kuehne+Nagel.
Founded
2012
HQ
OsloWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$29M (Sep 2022)
Valuation
$265M (Sep 2022)
Xeneta Valuation
Xeneta is currently valued at $265M, based on its Series D in September 2022.
The $80M round was led by Apax Digital, with participation from Lugard Road Capital.
Xeneta's valuation has grown 2.0x from $130M at its Series C in June 2021 to $265M in September 2022, across 2 priced rounds.
Xeneta valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2022 | Series D | $265M | 9.1x |
| Jun 2021 | Series C | $130M | 4.5x |
Xeneta Revenue
Xeneta's latest recorded revenue is $29M, as of its Series D in September 2022. At a $265M valuation, that implies a 9.1x revenue multiple.
Revenue moved from $29M in June 2021 to $29M in September 2022, while the revenue multiple moved from 4.5x to 9.1x.
Xeneta revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Sep 2022 | $29M | $265M | 9.1x | Series D |
| Jun 2021 | $29M | $130M | 4.5x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Xeneta Funding History
Xeneta has raised a total of $137M across 7 funding rounds.
Xeneta's first fundraising round was a $2M seed round in April 2013. The most recent completed round was a $80M Series D in September 2022.
Xeneta funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2022 | Series D | Apax Digital (lead); Lugard Road Capital | $80M | $265M | Xeneta is an Oslo-based SaaS platform providing ocean and air freight rate benchmarking, market analytics, tendering, budgeting, planning, and reporting capabilities through a crowdsourced dataset of real-time rates, adding 10 million rates monthly and covering metrics like capacity, reliability, blank sailings, detention, demurrage, dynamic load factor, and emissions. The company serves blue-chip customers including Unilever, Nestle, Zebra Technologies, Thyssenkrupp, Volvo, General Mills, John Deere, and Procter & Gamble, enabling data-driven freight procurement, sales, ESG monitoring, and supply chain resilience amid global trade volatility. On September 13, 2022, Xeneta raised $80 million in a growth funding round led by Apax Digital, the growth equity arm of Apax Partners, with participation from Lugard Road Capital, an affiliate of prior investor Luxor Capital. Other existing backers include Creandum, Point Nine, and Smedvig. This marked Xeneta's seventh funding round since 2013, bringing total funding to over $135 million, with the investment valuing the company at a post-money valuation of $265 million. The new capital is earmarked to accelerate platform development, integrate complementary data sources, expand datasets for enhanced analytics, scale global commercial and sales teams, and enter new markets to counter logistics industry challenges. Apax Digital Partner Mark Beith joined Xeneta's board, emphasizing the platform's unique granular insights in an opaque freight market. CEO Patrik Berglund highlighted the funding's role in driving transparency and rethinking freight buying and selling processes. |
| Jun 2021 | Series C | Lugard Road Capital (lead); Investinor; Creandum | $29M | $130M | Xeneta is a Norway-based ocean and air freight rate benchmarking platform and container shipping index that provides market analytics and insights to transform shipping and logistics. On June 17, 2021, the company closed a $28.5 million Series C funding round led by New York-based Lugard Road Capital (part of Luxor Capital), with participation from existing investors Creandum and Investinor, valuing Xeneta at over $130 million. This brought total funding raised to $49 million, joining prior backers like Smedvig Capital, Point Nine Capital, and Alliance Venture. The proceeds were earmarked to scale operations, develop commercial and technical partner channels, expand into new geographies, and build an in-house data analyst team for enhanced market insights amid global supply chain disruptions from COVID-19, Suez Canal issues, and port congestions. Xeneta's platform addresses critical needs for freight rate data in an industry facing record-high short-term ocean freight rates projected to persist through 2021, offering actionable intelligence to shippers and logistics players. Investors highlighted Xeneta's strong performance during the crisis and its potential in the disrupted market. Lugard Road partner Doug Friedman noted the platform's role in providing immediate insights, while Creandum's Fredrik Cassel praised the team's navigation of challenges since their 2013 seed investment. This round marked Xeneta's first U.S. investment, positioning it for accelerated growth in data-driven freight procurement transparency. Xeneta continued expanding its global footprint and data innovation post-Series C. |
| Mar 2019 | Series A | Investinor (lead); Alden; Creandum; Smedvig Ventures | $8M | - | - |
| Feb 2017 | Series B | Smedvig Ventures (lead); Creandum; Alliance VC; Aerion Partners | $12M | - | Xeneta is an Oslo, Norway-based ocean freight benchmarking and market intelligence software platform that uses a crowdsourcing model to provide price transparency on container shipping rates across global trade routes. The company enables ocean freight buyers to compare contract rates anonymously by lane and carrier, disrupting the opaque $200 billion-plus container shipping market. Customers include major firms like Kraft Heinz, Electrolux, Continental, Thyssenkrupp, Akzo Nobel, and Brother International. On February 9, 2017, Xeneta raised $12 million in a Series B funding round led by Smedvig Capital, with participation from existing investors Creandum and Alliance Venture. This brought total funding since its 2012 founding to $20.5 million. Smedvig Capital's Managing Director Rob Toms joined Xeneta's board. The proceeds supported global expansion, product development, and technology platform enhancements. Xeneta's database of contracted shipping rates grew from 2 million in 2015 to over 23 million in 2017, with revenue increasing 200 percent over the prior year. In 2016, Xeneta was named Nordic Startup of the Year - Norway, and CEO Patrik Berglund received the Lloyd’s List Innovation in Shipping Award. |
| Feb 2015 | Series A | Alliance VC (lead); Alden; Creandum; Point Nine | $5M | - | - |
| Mar 2014 | Seed | Creandum (lead); Point Nine | $2M | - | - |
| Apr 2013 | Seed | Creandum (lead); Alden | $2M | - | - |
Who has invested in Xeneta?
9 investors have backed Xeneta across its funding rounds, including Creandum, Alden, Point Nine, Investinor, Alliance VC and Smedvig Ventures.
Lead investors include Apax Digital, Lugard Road Capital, Investinor, Smedvig Ventures, Alliance VC and 1 other investor.
Xeneta Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Stockholm | 6 | Lead | Apr 2013 | |
| Alden | Oslo | 3 | Participant | Apr 2013 |
| Trondheim | 2 | Lead | Mar 2019 | |
| Lugard Road Capital |  New York City, NY | 2 | Lead | Jun 2021 |
 Berlin | 2 | Participant | Mar 2014 | |
| Norway | 2 | Lead | Feb 2015 | |
 London | 2 | Lead | Feb 2017 | |
This data is available for Pro users. Sign up to see all 9 Xeneta investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Xeneta
Xeneta has acquired 2 companies to date.
Last acquisition by Xeneta was on August 18th 2025. Xeneta acquired eeSea for undisclosed valuation.
Latest Acquisitions by Xeneta
| Description | eeSea is a Copenhagen-headquartered platform delivering real-time shipping intelligence to the maritime industry. Services encompass vessel tracking, carrier reliability analytics, transit time predictions, liner schedule data, and port terminal insights via web app and API integrations for logistics firms across Europe. | - |
| HQ Country |  |  |
| HQ City | Copenhagen | - |
| Deal Date | 18 Aug 2025 | 27 Jan 2022 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Xeneta acquisitions and their M&A valuation multiples. Start Free Trial | ||
Xeneta Competitors
Xeneta competitors include listed companies like Duos Technologies and Kernex Microsystems, and private ones like RoadSync, Mudflap, Shippit and Ridecell.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Atlanta, GA | Private | - | - | $215M | - | |
| San Francisco, CA | Private | - | - | $700M | - | |
| United States | Publicly listed | $27M | ($7M) | $268M | 3.4x | |
 Sydney | Private | - | - | $262M | - | |
| San Francisco, CA | Private | - | - | $253M | - | |
 India | Publicly listed | $45M | $15M | $302M | - |
Xeneta Public Comps
Xeneta is still privately-owned, but its public comps include Adventure, Duos Technologies, Kernex Microsystems, Dimerco Data System, Merlin, Tecsys, Daea Ti, Multitude, Acusensus and Tracsis.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19M | $4M | 14.4x | - | 79.1x | - | |||
| $27M | ($7M) | 5.8x | 3.4x | (21.7x) | 25.8x | |||
| $45M | $15M | 7.1x | - | 20.9x | - | |||
| $107M | $25M | 1.8x | - | 7.7x | - | |||
| $1M | ($52M) | 153.4x | 23.3x | (3.6x) | (2.6x) | |||
| $138M | $9M | 2.3x | 2.3x | 37.5x | 20.2x | |||
| $112M | $20M | 1.5x | - | 8.5x | - | |||
| $277M | $33M | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Xeneta competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Xeneta
| When was Xeneta founded? | Xeneta was founded in 2012. |
| Where is Xeneta headquartered? | Xeneta is headquartered in Oslo, Norway. |
| Is Xeneta publicly listed? | No, Xeneta is a private, VC-backed company. |
| What is Xeneta's valuation? | Xeneta was last valued at $265M in its Series D in September 2022. |
| How much funding has Xeneta raised? | Xeneta has raised $137M across 7 funding rounds. |
| What was Xeneta's last funding round? | Xeneta's last funding round was a $80M Series D in September 2022, led by Apax Digital. |
| Who are Xeneta's investors? | Xeneta's investors include Creandum, Alden, Investinor, Lugard Road Capital, Point Nine, Alliance VC, Smedvig Ventures, Aerion Partners and Apax Digital. |
| What is Xeneta's revenue? | Xeneta's latest recorded revenue is $29M (September 2022). |
| What is Xeneta's revenue multiple? | Xeneta's latest valuation implies a 9.1x revenue multiple ($265M valuation on $29M of revenue). |
| Which companies are comparable to Xeneta? | Companies comparable to Xeneta include RoadSync, Mudflap, Duos Technologies, Shippit, Ridecell and Kernex Microsystems. |
| How many companies has Xeneta acquired? | Xeneta has acquired 2 companies, including eeSea and CLIVE. |
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