Freehand

Company Description

Freehand’s AI-native platform automates freight audit and payment for enterprise shippers, serving as the foundation for broader supply chain spend management. By combining structured data from systems of record with unstructured inputs such as invoices, emails, contracts, and rate cards, Freehand’s AI agents automate complex workflows including invoice auditing, dispute resolution, and payment processing. Leading enterprises across technology, healthcare, and consumer goods rely on Freehand to reduce overpayments, improve audit accuracy, and operate critical supply chain finance processes with greater visibility, efficiency, and control.

Why We Invested

Freehand is transforming freight audit and payment, a large and historically underserved category still dominated by manual processes and outsourced service providers. Its AI-native platform delivers immediate ROI through greater audit accuracy, lower operating costs, and improved compliance, creating a compelling value proposition for enterprise shippers.

We were particularly impressed by the Company’s ability to land and expand within many of the world’s largest enterprises, demonstrating exceptional product-market fit and a highly repeatable enterprise sales motion. Starting with freight audit and payment, Freehand is expanding into adjacent spend categories and broader procurement workflows, positioning the Company to become the leading AI-native platform for supply chain spend management.