Voyager Portal announces $8.4m funding round

Maritime workflow management platform Voyager Portal has announced an $8.4 million Series A investment round, led by Phaze Ventures, building on the $1.5 million in seed money raised by the firm two years ago.

Other new investors in the latest round included ScOp Venture Capital, Waybury Capital and Flexport, joining the company as it surpassed the $1 billion-mark for freight managed on the platform. Customers include manufacturers, traders and shippers in the renewable energy, commodity trading, mining and petrochemicals industries.

“Voyager Portal was created to significantly reduce cost, risk, and complexity when transporting bulk materials around the world,” said Matthew Costello, CEO and co-founder of Voyager.

“The last two years have demonstrated just how critical shipping bulk commodities is to global markets – freight rates have increased and port congestion is at an all-time high – accelerating the demand for Voyager’s solution.”

“With our Series A funding, we’ll be able to expedite our product roadmap to support an international client base whilst expanding our engineering, development, marketing and sales teams internationally.”

The platform is built using a low-code architecture to support configuration and matching with users’ business processes, and to allow companies to collaborate in real time over a single shipment.

“Voyager is changing the way companies are thinking of their global shipping operations,” said Abdullah Al-Shaksy, co-founder and CEO, Phaze Ventures.

“Global supply chains are becoming increasingly complex and strained, and there is an incredible treasure trove of data that organisations are underutilising in their decision-making process. We believe what Voyager has created for their customers across the globe will revolutionise this space forever.”

Share this story

About the Author

Rob O'Dwyer
Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

Further Reading

News Archive