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Instafreight, the Berlin-based digital freight forwarder that has been in operation since 2016 with over 200 employees and thousands of weekly transports, filed for insolvency on December 13 in the District Court of Berlin-Charlottenburg. The company cites the departure of its investor as the primary reason for the bankruptcy. In response, Instafreight is actively seeking sponsors or potential buyers.
While the start-up will continue to exclusively manage transportation (4PL), it has temporarily halted its own forwarding business (3PL) in the spot market.
The move comes after a significant financing round in spring 2022, where Instafreight secured $40 million in funding from investors such as Heliad…
