# Portcast Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/portcast-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.portcast.io
- Total disclosed funding: $10M
- Latest round: Series A (Nov 18, 2024)
- Investors on record: 9

## About

Based in Singapore, Portcast Pte. Ltd. provides a Real-Time and Predictive Transportation Visibility Platform that enhances supply chain efficiency and sustainability through advanced container tracking and predictive estimated time of arrivals (ETAs).Portcast Pte. Ltd. is a technology company that specializes in supply chain visibility solutions. Founded in 2017 in Singapore, it has engaged in three funding deals, with the latest being a Series A round on November 18, 2024, raising USD 6.5 mn led by SIG Venture Capital and other investors. The company was established by Lingxiao Xia, who has a background in technology ventures. The firm has its headquarters in Singapore and focuses on improving logistics efficiency through innovative solutions.Portcast specializes in delivering a Real-Time and Predictive Transportation Visibility Platform designed to enhance supply chain efficiency and sustainability through comprehensive container tracking and predictive estimated time of arrivals (ETAs). The platform integrates visibility across global shipping carriers, enabling users to identify potential risks and exceptions in their logistics processes. Portcast's offerings cater to a diverse clientele, including logistics companies, shipping carriers, and organizations reliant on freight transport across North America, Europe, and Asia. By automating exception management and providing insights into delays caused by external factors such as weather and port congestion, Portcast assists its clients in optimizing their supply chain operations and improving communication with stakeholders. The platform's predictive capabilities ensure that users receive timely alerts regarding container statuses and key performance metrics, facilitating proactive decision-making in logistics management.In 2023, Portcast generated revenue of USD 901,154.20, with an EBITDA of USD -1,306,487 for the same year. The company employs a subscription-based model that allows clients to access its suite of visibility solutions tailored to their specific supply chain needs, engaging in partnerships utilizing its predictive insights and real-time tracking functionalities.Following a successful Series A funding round of USD 6.5 mn in November 2024, Portcast plans to use the proceeds to enhance its product capabilities. The company is focused on developing new features for its platform and expanding into additional markets in Asia and Europe by 2025. This strategic growth is aimed at further improving the efficiency of logistics operations for its clients.

## Funding rounds

- Series A, Nov 18, 2024, $6.5M — Wavemaker Partners, Hearst Ventures, Signal Ventures, TMV, Schulte Group Innoport, SIG Venture Capital
- Series A, Aug 31, 2021, $3.2M — Wavemaker Partners, SGInnovate, Newtown Partners, TMV, Schulte Group Innoport
- Seed, Oct 8, 2018, $0.8M — Wavemaker Partners, Investigate Network Capital, SGInnovate

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed, Series A
- Investigate Network Capital — Seed
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Seed, Series A
- Newtown Partners (https://capitalatlas.ai/funds/newtown-partners) — Series A
- TMV (https://capitalatlas.ai/funds/tmv) — Series A
- Schulte Group Innoport (https://capitalatlas.ai/funds/schulte-group-innoport) — Series A
- Hearst Ventures (https://capitalatlas.ai/funds/hearst-ventures) — Series A
- Signal Ventures (https://capitalatlas.ai/funds/signal-ventures) — Series A
- SIG Venture Capital (https://capitalatlas.ai/funds/sig-venture-capital) — Series A