What is Logfret?
Logfret operates as an international freight forwarding company, dedicated to resolving intricate global logistics challenges and delivering substantial value to its clientele. With a widespread operational footprint encompassing 190 offices and agencies across more than 65 countries, the company is headquartered in North Bergen, New Jersey. Its business model is centered on providing comprehensive logistics solutions for complex international supply chains.
How much funding has Logfret raised?
Logfret has raised a total of $1.1M across 2 funding rounds:
Debt
$350K
Debt
$793K
Debt (2020): $350K with participation from PPP
Debt (2021): $793K led by PPP
Key Investors in Logfret
PPP
Public-Private Partnership
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Logfret?
The recent major strategic investment, alongside the company's history of enterprise-level funding, suggests Logfret is poised for continued expansion and operational enhancement. This capital infusion is likely to fuel further development of its global network, technological infrastructure, and service offerings, reinforcing its competitive edge in the international freight forwarding market. The focus on debt financing may indicate a strategy for leveraging assets or managing operational costs efficiently during its growth phase.
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