Freightos (Nasdaq: CRGO), a global freight booking and payment platform, has listed its shares on the Nasdaq. Freightos is a long-time OurCrowd portfolio company and represents another exit for the global securities crowdfunding platform.
Freightos went public as part of a SPAC deal sponsored by Gesher I Acquisition Corp, raising $80 million. Freighots opened trading last week at $22.76 a share after the offering was priced at $10 a share. Freightos closed underwater on Friday at $8.20 a share.
Freightos is an interesting Fintech as it has built digital infrastructure for a largely analog industry “connecting thousands of carriers, freight forwarders, and importers and exporters around the world for air, ocean, and trucking freight pricing, booking and shipment management.” The industry is around $500 billion each year, according to the company.
In an email, Ourcrowd said that Ilana Odess, Partner and Managing Director, IR of OurCrowd was at the Nasdaq with Freightos when they rang the opening bell.
OurCrowd noted that it was one of the founding investors in Freightos and thus its investors participated in the firm at a very early stage. OurCrowd investors backed the firm alongside big-name VCs.
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