Transportation Startup Shipamax Raises $3 Million

Shipamax announced it has secured $3 million in seed financing. Three investors participated in the round: Cherubic Ventures, AME Cloud Ventures, and FF Angel.

Shipamax is building a data-driven platform for bulk shipping: replacing the thousands of unnecessary emails, siloed Excel files, and instant messages between players required for each booking. Shipamax allows those involved in bulk shipments to collaborate as teams, to stay ahead of market trends and turn data into their competitive advantage.

The company plans to use the funding to continue building and marketing its cloud software platform for the bulk shipping industry.