Freehand Secures $75M to Scale AI Teams Managing Supply Chain Spend for Fortune 500 Companies
# Freehand Secures $75M to Scale AI Teams Managing Supply Chain Spend for Fortune 500 Companies - Freehand, whose AI agents manage supply-chain spend for Fortune 500 enterprises, announced $75 million in funding co-led by Battery Ventures and NewRoad Capital Partners, with participation from Penny Pritzker’s PSP Growth, Nexus Venture Partners and others. PRESS RELEASE — [Freehand](https://www.globenewswire.com/Tracker?data=4Db68Q-wTbL_nGI_9uJgBfMQOHozVdSxSDG0IyJLqJsurdFanMZ5gCt2sRUjptSmMhoE6vdkF4O-zSOavfvm6A==), whose AI agents manage supply-chain spend for Fortune 500 enterprises, has announced $75 million in funding co-led by Battery Ventures and NewRoad Capital Partners, with participation from former U.S. This financing round follows Freehand’s recent emergence from stealth with global deployments at Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’ and Cardinal Health, as tariffs, taxes and immigration policies put increasing strain on the outsourcing model that has historically run global supply chains. Across early deployments, customers have recovered 5–10% of spend in complex categories, completed workflows 5–7x faster, and reduced procure-to-pay cycles by more than 70%. “Unlike co-pilots that simply answer questions, Freehand’s Agents have enterprise context, make decisions, and take actions — this agency unlocks millions in savings for enterprises.” Freehand builds autonomous AI agents that run supply-chain spend for the world’s largest enterprises — taking on procurement, supplier management, invoice and payment operations across complex categories such as logistics, direct materials and MRO. Headquartered in San Francisco, Freehand is backed by Battery Ventures, Nexus Venture Partners, NewRoad Capital Partners and others.