Caspian Raises $5.4 Million in Seed Round
Caspian, a San Francisco, CA–based AI-powered customs compliance startup, has raised a $5.4 million seed funding round.
The seed round was led by Primary Venture Partners, with participation from Blank Ventures.
Primary Venture Partners is a New York City–based early-stage venture capital firm that invests in seed and Series A startups across various sectors, including SaaS, fintech, proptech, and consumer tech. Known for its operator-led model, Primary provides hands-on support through a dedicated Portfolio Impact team and a curated network of industry experts.
The company will use the funds to expand its AI-driven platform, enhance automation in tariff and drawback processing, and grow its presence in the global trade and compliance space.
Founded in 2024 by Justin Sherlock and Matt Ebeweber, Caspian offers an AI-native trade advisory platform for international supply chains, with a focus on duty drawback and tariff refund processing. Headquartered in San Francisco, Caspian’s mission is to streamline cumbersome trade processes and put money back in businesses’ pockets. The company is a U.S.-licensed customs broker and ABI software vendor.
Funding Details
Company: Caspian
Raised: $5.4M
Round: Seed
Funding Date: July 2025
Lead Investor: Primary Venture Partners
Additional Investors: Blank Ventures
Company Website: https://www.meetcaspian.com/
Software Category: Customs Compliance / Trade Automation / Fintech SaaS