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Nexcade has raised $2.5M in pre-seed funding, led by Connect Ventures, to automate global freight forwarding operations.

Oct 07, 20254 days ago

Amount Raised

$2.5 Million

Round Type

Pre-Seed

LondonLogisticsArtificial Intelligence

Investors

Keith WallingtonCharlie SonghurstInoviaEntropy Industrial CapitalMmc VenturesConnect Ventures

Description

London-based Nexcade has emerged from stealth with $2.5 million in pre-seed funding. The funding round was led by Connect Ventures, with participation from several investors. Nexcade aims to streamline freight forwarding processes using AI-driven automation. Their technology helps logistics teams improve efficiency and respond faster to quote requests.

Company Information

Company

Nexcade

Location

London, England, United Kingdom

About

Nexcade is an AI automation company focused on freight forwarders, aimed at streamlining operations through automated workflows. It simplifies tasks like pricing, quoting, and rate procurement by leveraging AI to convert unstructured data into structured processes. The startup addresses challenges in freight forwarding, which often relies on manual work and fragmented information. Founded by experts in freight and AI, Nexcade is positioned to transform global trade logistics.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers