Maritime software start-up Enqlare has announced the successful completion of a $500,000 funding round, led by venture capital firm Motion Ventures.
The investment will be used to support Enqlare’s expansion plans, including product development, sales and marketing initiatives, as well as the addition of new personnel to support its growth.
“We are thrilled to welcome Motion Ventures as our partner in this exciting chapter of Enqlare’s journey,” said Anders Carlsson, CEO of Enqlare.
“Their deep understanding of the maritime industry and expertise in driving SaaS growth aligns perfectly with our vision to transform how businesses operate within this sector.”
Enqlare’s software is used for optimisation and automation of bulk freight workflows, including laytime, port calls and shipment operations. The company’s modular system connects commodity freight buyers, port agents, and maritime service providers, offering data-driven insights to improve operational efficiency.
“We can see that Enqlare is committed to providing innovative solutions to a global customer base, and we want to support them in their mission to empower businesses to achieve operational excellence and drive business growth,” said Motion Ventures’ general partner, Shaun Hon.
