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As Iran-backed groups attack Red Sea ships, investors are backing startups assisting global cargo
Multiple shocks to global supply chains brought about first by the pandemic and more recently by Iran-backed Houthis targeting cargo ships in Red Sea have
Most recently, Portchain — a Danish startup that claims to be a ‘neutral exchange’ for cargo ships and ports, has now raised a $5 million ‘Seed+’ funding round from Angular Ventures. Instead, long before they’ve reached their destination, Portchain allows ship captains to adjust their speed in order to dock just at the right time, just like a plane landing at an airport. We predict where those products or services are needed then we can recommend all the optimal arrival and departure times and tell the shipping companies what’s their impact in fuel costs emissions,” he added.
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