Terminal49, a San Francisco, CA-based provider of an ocean freight visibility platform, raised $6.5M in Series A funding.
The round was led by Stage 2 Capital and Grand Venture Partners, with follow-on participation from seed stage investors bringing to a total funding of $8.7m.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by Aksha Dodeja, founder and CEO, Terminal49 provides an API that pulls in real-time ocean shipment and container data from shipping lines and terminals, that moves data into a centralized and searchable dashboard. The data is also accessible via a push-based API. Its customers have instant access to up-to-date container statuses.
Terminal49 is tracking over a million containers for hundreds of customers worldwide including Wayfair, Hillebrand, and Mazda USA. Customers use its dashboard and API data to track, manage, and optimize ocean freight operations. Terminal49 integrates with every major ocean carrier and all US and Canadian terminals, and recently added Southampton and London Gateway terminals.