Portchain Secures $5 Million in Funding
Portchain, a Copenhagen, Denmark-based logistics startup, has secured $5 million in funding, bringing its total funding to $10 million.
The round was led by Angular Ventures, with participation from MX Ventures and angel investors in the shipping industry.
Founded in 2018, Angular Ventures is a venture capital firm based in London, United Kingdom. The firm backs early-stage deep technology enterprise companies.
The company will use the capital to expand the team through recruitment, further develop its products, and enhance existing services.
Founded in 2017, Portchain is a SaaS startup focused on optimizing maritime logistics and operations within the shipping industry. It offers cloud-based solutions that streamline berth alignment processes and enhance quayside operations for carriers and terminals, utilizing artificial intelligence and predictive analytics to improve scheduling and resource allocation. Portchain boasts a clientele of over 100 terminals and possesses a fifth of the global container terminal capacity inside its network.
Funding Details
Company: Portchain ApS
Raised: $5.0M
Round: Unknown
Funding Month: February 2024
Lead Investors: Angular Ventures
Additional Investors: MX Ventures
Company Website: https://www.portchain.com/
Software Category: Logistics