Freehand
Summary active Updated Jul 29, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Investors
Founders
About
Freehand (formerly Pando) is a San Francisco-based agentic AI platform for supply chain and spend management 12. The company’s autonomous “AI Teams” replace manual operations across procurement, supplier management, and finance ops for complex categories like logistics, direct materials, and MRO — reading unstructured data, reasoning across contracts and policies, and executing decisions directly in enterprise systems 23. Its AI agents manage supply-chain operations for enterprise customers including Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’, and Cardinal Health, with customers reporting recovery of 5–10% of supply-chain spend and reduction of procure-to-pay cycles by more than 70% 23. On 2026-07-29, Freehand announced a $75 million Series B co-led by Battery Ventures and NewRoad Capital Partners, with participation from Nexus Venture Partners and former U.S. Commerce Secretary Penny Pritzker, bringing total funding to $100 million 123. The Series B follows a $25 million Series A closed in March 2024 1.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2024-03 | Series A | $25M | — | — 1 |
| 2026-07-29 | Series B | $75M | Battery Ventures, NewRoad Capital Partners | Nexus Venture Partners, Penny Pritzker 123 |
What Investors Say
No independently sourced investor commentary quoted at press time.
What Founders Say
“We had been in this fairly archaic dinosaur of an industry for the last six to eight years. Instead of trying to catch them up to a technology paradigm that was sunsetting, we thought we could leapfrog them into a technology paradigm that was just rising.”
— Nitin Jayakrishnan, CEO of Freehand, on the Series B 1.
Sources
-
Crunchbase News, “Freehand Raises $75M Series B To Automate Fortune 500 Supply Chain Spend,” July 29, 2026. Accessed July 2026. https://news.crunchbase.com/transportation/freehand-pando-enterprise-supply-chain-spend-management-startup/↩↩↩↩↩↩
-
Forbes, “Freehand Raises $75 Million As Its AI Agents Target The Supply Chain,” July 29, 2026. Accessed July 2026. https://www.forbes.com/sites/davidprosser/2026/07/29/freehand-raises-75-million-as-its-ai-agents-target-the-supply-chain/↩↩↩↩↩
-
TechFundingNews, “Freehand raises $75M as Meta and Unilever hand their supply chains to AI agents,” July 29, 2026. Accessed July 2026. https://techfundingnews.com/freehand-raises-75m-as-meta-and-unilever-hand-their-supply-chains-to-ai-agents/↩↩↩↩