# 40Seas

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/40seas

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.40seas.com
- Total disclosed funding: $17M
- Latest round: Seed (Aug 2, 2023)
- Investors on record: 4

## About

Based in New York, US, and founded by its CEO, Eyal Moldovan, COO, Gil Shiff, and GM China, Suki Gao, CRO, Igor Zaks, Fintoria Inc., doing business as 40Seas, operates as a financial services platform that offers cross-border trade financing solutions. In August 2023, 40Seas raised an additional USD $6 million in Seed funding, and bringing its total to USD 17 million from investors Eminence Ventures, QED Investors, Team8 Capital and ZIM Integrated Shipping Services Ltd.  As of 2023, the company has offices in locations like Tel Aviv, New York City, Toronto, and Shenzhen.

The company offers a financial technology platform that provides business-to-business cross-border payments and trade financing solutions for exporters, sourcing agencies, and freight forwarders. The company also provides transfer payments, credit risk assumptions, credit approvals on freight and inventory, and synchronization with your accounting platforms and ERPs.

The company plans to use its August 2023 funding to accelerate its U.S. and Asian expansion.

## Funding rounds

- Seed, Aug 2, 2023, $6M — QED Investors, Eminence Ventures, Team8 Capital, ZIM Integrated Shipping Services Ltd.
- Seed, Jan 10, 2023, $11M — Team8 Capital, ZIM Integrated Shipping Services Ltd.

## Investors

- Team8 Capital (https://capitalatlas.ai/funds/team8-capital) — Seed
- ZIM Integrated Shipping Services Ltd. — Seed
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Seed
- Eminence Ventures (https://capitalatlas.ai/funds/eminence-ventures) — Seed