Freehand raises $75M as Meta and Unilever hand their supply chains to AI agents — TFN

Freehand has raised $75 million in funding co-led by Battery Ventures and NewRoad Capital Partners, with backing from PSP Growth, chaired by former US Commerce Secretary Penny Pritzker, and Nexus Venture Partners.

Its AI agents already manage supply-chain operations for Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’ and Cardinal Health.

Customers have reported recovering 5–10% of supply-chain spend, completing workflows 5–7x faster, and reducing procure-to-pay cycles by more than 70%.

Freehand has raised $75 million to expand its AI agents that manage supply-chain spend for Fortune 500 companies, with the round co-led by Battery Ventures and NewRoad Capital Partners. PSP Growth, the investment firm chaired by former US Commerce Secretary Penny Pritzker, and Nexus Venture Partners also joined the round.

The funding lands as Freehand’s agents are already live inside Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’ and Cardinal Health, taking over work long handled by legacy software and outsourced labour.