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).