Portchain, a Copenhagen, Denmark-based logistics startup, has secured $5 million in funding, bringing its total funding to $10 million.
SaaS Investors
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.
Portchain Use of Funds
The company will use the capital to expand the team through recruitment, further develop its products, and enhance existing services.
About Portchain
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
Source: https://tech.eu/2024/02/12/copenhagen-based-logistics-startup-portchain-raises-5m-in-new-investment-round/