# Catapult International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/catapult-international

- Industry: Software
- Headquarters: Lenexa, US
- Website: www.gocatapult.com
- Total disclosed funding: $2M
- Latest round: Series A (Dec 21, 2010)
- Investors on record: 1

## About

Catapult International delivers innovative logistics solutions designed to enhance freight rate management and quoting processes across various markets. Their offerings streamline operations for freight forwarders, NVOCCs, and shippers globally.Founded in 2007, Catapult International, based in Lenexa, US, specializes in logistics optimization. In 2020, the company was acquired by Magaya Corp., a portfolio company of LLR Partners. The founder’s prior ventures or history is not disclosed. The company has engaged in a total of three deals, with the most recent deal occurring on September 24, 2020. Catapult completed a Series A funding round in which USD 2.00 mn was raised, led by Five Elms Capital, making the total amount raised to USD 2.00 mn.Catapult International provides a comprehensive suite of logistics software solutions, primarily through Magaya Rate Management, which optimizes freight rate management and quoting for freight forwarders, NVOCCs, and shippers. Their platform allows users to efficiently manage various freight rates and features mobile quoting, customizable forms, and an intuitive compliance system. The company supports markets in North America, Europe, Asia, and Latin America, with an extensive database to facilitate competitive quoting.The revenue model for Catapult International is based on a subscription-based licensing system, allowing clients access to its cloud-hosted software. Clients can engage through annual or monthly subscription plans, with pricing tiers tailored to their operational size and functional needs. By utilizing the platform, clients can improve their freight rate management, thus enhancing profit margins. Their flagship offering, the Digital Contract Exchange, further aids in transaction efficiency by facilitating data transfer between freight forwarders and ocean carriers.Following the acquisition by Magaya Corp. in September 2020, Catapult International plans to innovate its product offerings and enhance its market presence. The company is working on developing new logistics software features to launch in the coming year. Additionally, Catapult aims to expand into emerging markets in Asia and Latin America by 2023, leveraging recent funding to invest in product development and market entry strategies.

## Funding rounds

- Series A, Dec 21, 2010, $2M — Five Elms Capital

## Investors

- Five Elms Capital (https://capitalatlas.ai/funds/five-elms-capital) — Series A