Harbor Lab, an Athens, Greece-based startup that provides SaaS disbursement account analysis software that calculates and evaluates port expenses against real-time port tariffs, secured €6.1 million in seed funding to further develop its platform.
The round was led by VentureFriends and Speedinvest, with participation from additional investors including The Dock, Signal Ocean, Motion Ventures, TecPier, Innoport, Charge VC, and tech founders including Alexandros Chatzielftheriou, founder of Blueground.
“Harbor Lab was born out of a real-time need to automate the processing of disbursements (payments to port authorities and other port related suppliers) while reducing manual intervention and heavy administration. The way we do it is by collecting the official port tariffs directly from the port authorities and then inputting those in our internally developed algorithm.Through that we calculate accurately and dependably every port expense based on terminal, berth and a number of other parameters,” said Harbor Lab CEO and founder Antonis Malaxianakis.
Its platform claims to streamline the disbursement account processes and identifies discrepancies, reducing port call expenses by approximately 6% per port call, and reducing administration costs by up to 75%.
Company: Harbor Lab S.A.
Round: Seed Round
Funding Month: December 2022
Lead Investors: VentureFriends and Speedinvest
Additional Investors: The Dock, Signal Ocean, Motion Ventures, TecPier, Innoport, Charge VC, and Alexandros Chatzielftheriou
Company Website: https://www.harborlab.com/
Software Category: SaaS Disbursement Account Analysis Software
About the Company: Harbor Lab is an innovative platform for shipowners, management companies, charterers, and third-party outsourcing resources to optimize their processes and maximize efficiency. Aim to improve operational efficiencies, digitize the process, and provide full transparency to all participants across port cost management. It also offers an easy, seamless e-platform that allows the shipping industry to take advantage of innovative DA outsourcing without risk or worry. Established in 2020, Harbor Lab has a single mission: to reshape the way port operations and disbursement process works.