# OpenTug

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

- Industry: Software
- Headquarters: Seattle, US
- Website: www.opentug.com/
- Total disclosed funding: $3.1M
- Latest round: Seed (Feb 22, 2024)
- Investors on record: 3

## About

Based in Washington, US, and founded by Jason Aristides, Luciano de la Iglesia, and Michael Baldwin, OpenTug, Inc. operates as a logistics platform that offers a countrywide digital transportation network that links cargo to barges and ports. In February 2024, OpenTug, Inc. raised USD 3.1 million in seed funding led by investor Entrada Ventures with participation from SpringTime Ventures, Stout Street Capital, and other investors.

The platform serves shippers, terminals, carriers, and ports, offering a unified digital suite for scheduling and managing inland shipping, coastal shipping, transloading, and industrial storage. The OpenTug Marketplace allows users to coordinate and manage bookings, track shipments, and request adjustments. The platform's solutions, such as QuoteAI and JobTrack, improve efficiency by automating complicated operations.

The firm offers its standard service package starting at USD 250 per terminal per month. Moreover, the firm offers professional services, and port packages, with prices quoted on request. 

The company intends to use the February 2024 funding to expand its network of shippers and service providers and enhance its software platform and maritime marketplace.

## Funding rounds

- Seed, Feb 22, 2024, $3.1M — Springtime Ventures, Stout Street Capital, Entrada Ventures

## Investors

- Springtime Ventures (https://capitalatlas.ai/funds/springtime-ventures) — Seed
- Stout Street Capital (https://capitalatlas.ai/funds/stout-street-capital) — Seed
- Entrada Ventures (https://capitalatlas.ai/funds/entrada-ventures) — Seed