Shipamax, a London-based startup founded in 2016, has raised $2.5 million in seed funding from Cherubic Ventures, AME Cloud, and FF Angel.
The company's objective is to improve the structure and efficiency of the bulk shipping industry by developing a data-driven communication platform for operators and brokers.
Shipamax says it will use these funds to continue building and marketing its cloud software platform. By replacing email, databases, and instant messaging systems with an integrated platform, the startup aims to revolutionize the way bulk shipping companies operate.
In a statement quoted by TechCrunch, co-founder Jenna Brown said, "Bulk shipping powers the world economy – the grains we eat, the steel we build with and the fuels we consume all get transported by bulk ships. Despite industry perils, demand for dry bulk has increased 40 per cent since the financial crisis. We’re enabling the industry to keep up with the pace of change in technology and put them on the road to recovery."