Freehand Raises $75M Series B

Freehand, a San Francisco-based enterprise AI startup, has raised $75 million in a Series B funding round to scale its autonomous AI agents. The company, which specializes in managing complex supply chain spend and back-office operations for large enterprises, has now raised a total of $100 million in funding.

Investors

The funding round was co-led by Battery Ventures and NewRoad Capital Partners. Additional participation included Nexus Venture Partners and former U.S. Commerce Secretary Penny Pritzker.

Freehand Use of Funds

Freehand plans to use the new capital to scale its autonomous AI agents, which are designed to manage complex supply chain spend, automate financial governance, and handle back-office operations for large enterprise companies.

About Freehand

Founded in February 2024 by logistics veterans Nitin Jayakrishnan and Abhijeet Manohar, Freehand provides an agentic AI platform that operates within existing company systems to verify bills, track operational milestones, and negotiate vendor contracts. The company aims to automate financial processes for Fortune 500 companies, replacing manual oversight with technology capable of processing payments across global supply chains.

Funding Details

Company Website: https://freehand.ai

Company: Freehand
Raised: $75M
Round: Series B
Funding Date: July 2026
Lead Investor: Battery Ventures, NewRoad Capital Partners
Additional Investors: Nexus Venture Partners, Penny Pritzker
Software Category: Supply Chain Software
Source: https://news.crunchbase.com/transportation/freehand-pando-enterprise-supply-chain-spend-management-startup/