Jones Day has advised Daphni, Elaia Partners and Breega Capital in connection with their €6 million minority stake investment in Fretlink, a French-based company that develops and operates a digital platform and ancillary digital devices to connect shippers to trucking companies.
French startup FretLink is using all the tips in the startup handbook and applying them to a neglected industry — the trucking industry.
FretLink is a software-as-a-service marketplace connecting thousands of transportation companies with companies that need to send big piles of stuff. And the startup just raised $6.4 million (€6 million) from Daphni, Elaia Partners and Breega Capital.
FretLink has already selected 2,500 transportation companies in Europe for its online platform. The startup then needs to fill all those 60,000 trucks as much as possible. It means that FretLink can connect you directly with multiple clients and optimize your route.
FretLink can even find you new clients on the way back so you don’t drive back with an empty trailer. It’s an easy sell for transportation companies. FretLink wants you to transport more stuff with the same number of trucks.
As for clients, transportation companies have been screened and you get updates about your shipment in real time. You don’t have to work with logistics intermediaries, so you also end up paying less. FretLink takes a cut on each transaction.
Jones Day has advised Daphni, Elaia Partners and Breega Capital on the deal with a team led by Jean-Gabriel Griboul.
Involved fees earner: Jean-Gabriel Griboul – Jones Day;
Law Firms: Jones Day;