Overview

Founded in 2015

Headquarters: Jamaica, New York.

B2B marketplace serving the highly fragmented international ocean freight and logistics industry.

Platform designed to:

• Increase effectiveness and transparency for freight intermediaries and to provide them additional revenue opportunities.
• Deliver savings of 15% or more on ocean freight procurement costs.

Investment Thesis & Terms

• Large addressable market: 60% of the world’s goods are shipped by ocean.
• $100BN annually is spent on Ocean Logistics.
• Generating revenues from seasoned players and valuation capped at $4 million (very good entry point).