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Expedock Raises $13.5M Series A

2022-08-10
SAN FRANCISCO, CA, Expedock, a startup in the international freight software industry, announced $13.5 million in Series A funding.
SAN FRANCISCO, CA, Expedock, a startup in the international freight software industry, announced $13.5 million in Series A funding, bringing the company's total amount raised to $17.5 million. Global software investor Insight Partners led the round, with participation from Motion Ventures as well as existing investors Pear and Neo and executives from Project 44, Salesforce, Meta, eBay, and Clearmetal.

Expedock uses AI to transform paper documents into data, quickly classify them, and bring them into existing freight forwarder tools. The automation of invoices and statement of accounts, including their entry, reconciliation and posting, ensures on-time payment to vendors while also bringing accurate visibility to margins when billing shippers.
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