Ship Angel Raises $5M Funding

Ship Angel, a NYC-based provider of an AI-native platform for international shippers, raised $5M in funding.

The round was led by Glasswing Ventures and newark venture partners (nvp), with participation from Bienville Capital, Socii Capital, and Plug and Play.

The company intends to use the funds to support the expansion of its ocean and air freight rate management platform, including the launch of two AI-powered solutions designed to optimize beneficial cargo owners’ (BCOs) workflows.

Led by CEO Graham Parker, Ship Angel is a SaaS solutions provider for the BCO shipper community. Its logistics operating system streamlines freight processing, enhances data accuracy, and drives significant time and cost savings.

Its two new products, Contract Amendment Guard and Invoice Audit, provide essential automations to the rate management process and provide substantial improvements to BCOs’ bottom lines. Amendment Guard serves as a central line of communication between carriers/forwarders and shippers to identify the changes on every surcharge, free time change, and transit time change. Additionally, with Ship Angel’s AI-powered Invoice Auditing, BCOs can store bookings in a digital environment where they are matched with exact dates (e.g., sailing or received on terminal) and actual rates. The AI flags inconsistencies, reducing the error rate and saving countless hours of manual labor.