Johnsen Joins the Management Team in Akasto
Paal E. Johnsen will take the position as Investment Director in Akastor, and will be a part of the company's executive management team. Johnsen comes from a position in DNB Markets, and has extensive experience at management and board level in various companies in industry and finance, including Carnegie ASA and Alden AS. "Paal has a track record and experience that will be a very valuable addition to Akastors' management team." says Akastors' Chief Executive Officer Frank O. Reite. "I am confident that Paal will play a critical role in developing the many opportunities we see in Akastors' portfolio of investments going forward. I am very happy that he has agreed to take this important position in Akastor.
Logistics Market Intelligence Newcomer Raises Funds
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.
