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Freightos was founded in January 2012 by Zvi Schreiber. Schreiber previously founded and managed other start-up companies, including some acquired by IBM and GE. The first beta customers of Freightos went live in October 2012 and the SaaS service was commercially launched in March 2013. Freightos raised initial funding from OurCrowd. Freightos is the trading name of Freightos Limited a Cayman Islands company (previously named Tradeos Limited, a Hong Kong company).
Freightos has been a member of the Airforwarders Association since January 2013 and the International Air Cargo Association since 2021. It is a member in other associations, such as TIACA, the AEMCA and others via its subsidiaries.
In August 2016, Freightos bought Spanish startup WebCargoNet, which later was marketed at WebCargo by Freightos. A similar, India-based air cargo rate management product, Air Freight Bazaar, was acquired by the company in 2019.
In March 2017, Freightos raised $25 million in Series B funding led by GE Ventures bringing the company's total funding to $50 million.
In April 2018, Freightos launched a daily containerized index, called the Freightos Baltic Exchange Index. This is widely used as an indicator of global container prices. In 2021 Freightos launched the Freightos Air Index (FAX) of air cargo rates.
In September 2018, Freightos announced a $44.4 million Series C funding round, led by the Singapore Exchange and together with previous investors, including Aleph and More VC. During the interview, Freightos founder Zvi Schreiber also mentioned the company's aspirations to connect carriers, like airlines, directly to forwarders and shippers.
In January 2021, Freightos announced the acquisition of 7LFreight, an air and trucking rate management software solution with a core customer base in the United States.
In August 2024, Freightos also announced the acquisition of Shipsta, an enterprise-grade tender procurement solution used by multinational importers and exporters.
In December 2025, Schreiber announced that he would step down as CEO “in order to pursue other entrepreneurial interests” but said that he would remain on the board as a non-executive director. In February 2026, Schreiber announced that he would leave the board of directors.