Freterium Analysis: $4M Raised
What is Freterium?
Freterium is a logistics platform that connects the logistics ecosystem on a single layer, allowing management of in-house fleets and external transporters. The platform features a Transport Management System with eight modules designed to digitize and automate supply chain operations. It operates on a SaaS subscription model and integrates with existing systems without hardware changes.
Location
440 N Barranca Ave, Covina, California 91723, United States
Employees
11-50
Founded
2018
Revenue
$1.5M - <$5M
Product Features & Capabilities
- Next-gen TMS, Planning Automation, Real-time visibility and analytics, Optimized transport planning, Digital portal access for customers and suppliers, Integration with ERP, WMS, and eCommerce, Automation of transport planning, Data-driven decision making.
Pricing
- Starting price: $10,000 per year
- Pricing model: Subscription-based
- Free version: Available
- Free trial: Offered
How much Freterium raised
Seed - $4 million
February 2022Lead Investor: Partech, Y Combinator, and others
Who are the founders of Freterium
MC
Mehdi Cherif Alami
Founder
OE
Omar El Kouhene
Founder
Competitors Overview
Freterium operates in the transport management system (TMS) market, facing competition from several notable companies. Key competitors include:
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Samsara: Offers comprehensive fleet management capabilities, including real-time GPS tracking and advanced dashboard cameras. It emphasizes connected operations and environmental monitoring.
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DAT Load Board: Simplifies freight and load tracking, connecting shippers with truck drivers for real-time load management, featuring advanced search capabilities for load filtering.
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Motive: Provides a suite of fleet management tools, including real-time GPS tracking and ELD compliance, ensuring legal adherence to driving hours.
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TransVirtual: Optimizes logistics operations with tools for route planning, load optimization, and real-time tracking.
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CartonCloud: Focuses on logistics operations, providing tools for shipment tracking, route optimization, and inventory management.
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PCS TMS: Designed for shippers and carriers, it offers features like maintenance management and live driver tracking, with high ratings for ease of integration.
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CalAmp: Provides cloud-based telematics technology with features like location tracking and transportation management, known for its reliability.
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PortPro: Tailored for drayage carriers and brokerages, it offers order management and GPS features, praised for its customer service.
Notable differences include specific focuses, such as Motive's emphasis on fleet management and PCS TMS's focus on transportation management systems. Freterium is recognized for its strong features in shipment tracking, scheduling, and dispatch management.
Market Focus
Freterium primarily focuses on the logistics and transportation management industry, specifically providing solutions for optimizing logistics operations in consumer goods retail and distribution.
Investors
- Y Combinator
- Partech Partners
- Flexport
- CDG Invest
- Swiss Founders Fund
- Outlierz Ventures
- Various angel investors
Business Model
Software-as-a-service (SaaS) subscription model with tiered pricing based on usage volumes.
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