Port call optimisation platform to use funding to expand their team and continue product development
Shipping technology startup CargoMate has closed a £500,000 seed investment round. The investment allows the company to continue the development of their port call optimisation platform for container ships and expand the number of shipping companies they work with.
CargoMate, who have been piloting their technology with a major ship operator since December 2017, reduce turnaround time for container ships in port by providing real-time port productivity analytics to vessels and fleet management departments. On closing the funding round, CargoMate CEO Chris Jones said; “Closing our seed round is a major milestone for the business, giving us the capital we need to continue to improve our product and begin partnering with container line operators to improve the efficiency of their fleet.”
The CargoMate platform gives vessel operators full visibility of cargo operations and predicts the earliest time a ship can leave port. Because it is deployed to the ship, it doesn’t rely on any terminal infrastructure so works in every port worldwide.