About CloudFret
CloudFret is a company based in Marseille (France) founded in 2020.. CloudFret has raised $3.53 million across 3 funding rounds from investors including Plug and Play Tech Center, Afrimobility and Azur Innovation Management. CloudFret offers products and services including Cloudfret Mobile App, Freight Forwarding, Cloudfret Insurance, and Cloudfret Fuel Offer. CloudFret operates in a competitive market with competitors including Chronotruck, Everoad, FretLink, Transpare and Fretly, among others.
- Headquarter Marseille, France
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.53 M (USD)
in 3 rounds
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Latest Funding Round
$2.14 M (USD), Seed
Nov 12, 2023
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Investors
Plug and Play Tech Center
& 3 more
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Employee Count
Employee Count
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Products & Services of CloudFret
CloudFret offers a comprehensive portfolio of products and services, including Cloudfret Mobile App, Freight Forwarding, Cloudfret Insurance, and Cloudfret Fuel Offer. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for connecting shippers and carriers to optimize freight and reduce emissions
Service to manage and coordinate freight shipments efficiently
Tailor-made insurance for carriers to cover transport operations
Discounted fuel options for carriers to minimize expenses
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Funding Insights of CloudFret
CloudFret has successfully raised a total of $3.53M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.14 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $2.1M
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First Round
First Round
(26 Sep 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Seed - CloudFret | Valuation | Afrimobility | |
| May, 2022 | Amount | Seed - CloudFret | Valuation | Plug and Play Tech Center , Afrimobility | |
| Sep, 2021 | Amount | Seed - CloudFret | Valuation | Azur Innovation Management. |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CloudFret
CloudFret has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Plug and Play Tech Center, Afrimobility and Azur Innovation Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Azur Innovation Management is engaged in managing seed funds for innovative startups.
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CloudFret
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CloudFret
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cloudfret Comparisons
Competitors of CloudFret
CloudFret operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chronotruck, Everoad, FretLink, Transpare and Fretly, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shippers and carriers are connected via an online marketplace platform.
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| domain | founded_year | HQ Location |
Truck carriers are booked via an online marketplace platform.
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| domain | founded_year | HQ Location |
Online marketplace for freight transportation services
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| domain | founded_year | HQ Location |
Connects users with freight forwarders and suppliers through an online marketplace.
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| domain | founded_year | HQ Location |
Trucking services are aggregated, searched, compared, and booked online.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cloudfret
Frequently Asked Questions about CloudFret
When was CloudFret founded?
CloudFret was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is CloudFret located?
CloudFret is headquartered in Marseille, France. It is registered at Marseille, Provence-alpes-cote D'azur, France.
Is CloudFret a funded company?
CloudFret is a funded company, having raised a total of $3.53M across 3 funding rounds to date. The company's 1st funding round was a Seed of $390K, raised on Sep 26, 2021.
What does CloudFret do?
CloudFret was established in 2020 in Marseille, France, as a provider in the logistics sector focused on drayage transportation. A cloud-based platform is utilized to link shippers with carriers, enabling optimization of empty truck returns. Bookings for trucks are facilitated, and online quotations are provided to users. Carriers are supported in managing empty returns via freight trucks, while truck cargo emission rates are monitored through the system.
Who are the top competitors of CloudFret?
CloudFret's top competitors include Chronotruck, Everoad and FretLink.
What products or services does CloudFret offer?
CloudFret offers Cloudfret Mobile App, Freight Forwarding, Cloudfret Insurance, and Cloudfret Fuel Offer.
Who are CloudFret's investors?
CloudFret has 4 investors. Key investors include Plug and Play Tech Center, Afrimobility, Azur Innovation Management, and Khalid Zitouni.