Maritime collaborative platform FrontM reports that it has raised $1.5 million in a pre-Series A funding round led by Jenson Funding Partners, Tradeworks.vc, Motion Ventures and a syndicate of MarTech investors.
“Since our Covid-pivot, we evolved our maritime-focused product roadmap and completed a range of initial rollouts. I’m hugely excited to have the backing of eminent maritime investors who share our vision and are equally passionate about digitally empowering people,” said Kiran Venkatesh, Co-founder and CEO of FrontM.
FrontM provides an app platform and marketplace for the shipping sector that is optimised for low bandwidth environments, connecting ships and crews with services and software providers and using Edge Computing and AI technology to optimise satellite connections.
Software providers can also leverage FrontM’s low-code developer system to support their own application development, integration and distribution across the platform.
“We see digitalisation rapidly accelerating across the maritime industry with new waves of solutions being offered,” said Shaun Hon, General Partner at Motion Ventures, Singapore.
“FrontM’s super-app helps stakeholders like ship operators and crews use, manage and distribute the increasing number of software applications in this industry onto one platform. Stakeholders now can work more seamlessly through a single platform, enabling more efficient and effective teams.”