OpenTug
Increasing access to the world’s most powerful transportation services
Increasing access to the world’s most powerful transportation services
OpenTug is a digital shipping network that aims to revolutionize the freight industry. Founded in 2019 and based in the United States, the company's mission is captured in its slogan: "Increasing access to the world’s most powerful transportation services." OpenTug provides a platform connecting freight with barges and terminals nationwide, offering innovative software for shippers, terminals, carriers, and ports. The startup recently secured a $3.10M Seed Round investment on 21 February 2024. The investment was contributed by a group of prominent venture capital firms, including SpringTime Ventures, Stout Street Capital, and Entrada Ventures. With a strong focus on Information Technology, OpenTug is well positioned to make a significant impact in the logistics industry, leveraging the latest digital technologies to streamline and improve freight operations.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $3.10M | 3 |
|
21 Feb 2024 |
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