Freehand raised $75 million in a Series B led by Battery Ventures and NewRoad Capital Partners, with participation from Nexus Venture Partners and others, bringing total raised to about $100 million.

The funding supports scaling of its AI-powered spend management platform and autonomous agents for large enterprises.

Policy and economic pressures on outsourcing, tariffs, taxes, and immigration policies are creating favorable conditions for AI-driven automation in supply chains.

Initial deployments across several Fortune 500 companies show these efficiencies, with most decisions in many cases made without human input.

Visible clients include Meta, Unilever, Johnson & Johnson, Dunkin’, Pfizer and Cardinal Health, underscoring a blue-chip footprint.

The funding round comes amid macro pressures on outsourcing and a notable surge in venture funding for supply chain and logistics startups in 2026.

Freehand targets non-standard, complex spend across logistics, raw materials, parts and labor, operating inside existing systems to read contracts and data, verify bills, track milestones, and negotiate with vendors.

Early customers report ROI of 5-10% in spend recovery, 5-7x faster workflows, and more than a 70% reduction in procure-to-pay cycle times.

Freehand is positioned as one of the first full-scale, agentic deployments, signaling a shift toward autonomous enterprise software that can run supply chains rather than merely assist them.

The company aims to embed its autonomous AI agents as infrastructure within enterprise supply chains, moving beyond a traditional software layer to become core decision-makers that read contracts, negotiate, approve invoices, and manage payments.

Industry leaders describe this transition as software that runs supply chains, with Unilever highlighting Freehand as an early anchor in the move from helper tools to autonomous operations.

Founders say AI agents are automating supplier negotiations, contract reading, leakage detection, and payment processing to drive continued automation.