Shipamax Raises $2.5M for its Cloud Software Platform by Chrissie Cluney

Shipamax is a London-based startup and recent graduate of Silicon Valley accelerator, Y Combinator. The company raised $2.5 million in seed funding. They plan to use the money to continue building and marketing its cloud software platform for the bulk shipping industry.

“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,” said Jenna Brown, co-founder, Shipamax.

Shipamax hopes to bring the bulk shipping industry into the digital age. They want to wean customers who consists of shipping brokers and owner-operators, off of things such as email, messaging and excel spreadsheets.

Shipamax’s cloud software solution is designed to not only handle all communications between customer, broker and operator. Also the software is designed to transform the data exchanged into shape so that the process itself is infinitely more scalable.