.
MergerLinks Header Logo

New Deal


Announced

Bessemer Venture Partners led a $15m Series A round in Vector.AI.

Financials

Edit Data
Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Private

Venture Capital

Freight Forwarding

United Kingdom

Friendly

Cross Border

Minority

freight forwarding services

Acquisition

Single Bidder

Completed

Private Equity

Synopsis

Edit

Bessemer Venture Partners, the US venture capital giant behind successful investments in LinkedIn, Pinterest and Shopify, led a $15m Series A round in Vector.AI, which says it helps freight forwarders improve productivity via its AI platform. The funding will enable the company, which uses machine learning to transform cumbersome and monotonous processes, to accelerate its international expansion plans and build on its reputation as the automated system of choice for the world’s biggest freight forwarders.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US