Norway-based Xeneta gets funding to advance their comparison engine to the shipping industry & expand into new markets. The company, a price comparison service for sea freight, say they have received €1.2m in institutional financing. The round was led by Stockholm based venture capital firm Creandum with Norwegian private investment company Alden co-investing. Using the principle of crowdsourcing, Xeneta delivers transparency to an industry burdened with supply chain complexity and hidden rates. Xeneta’s SaaS platform represents a new generation of open information links in shipping, allowing freight buyers and sellers to compare their rates both to the market average-and best-in-class rates.