# Prime Carrier

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prime-carrier

- Industry: Software
- Headquarters: Dublin, Ireland
- Website: www.primecarrier.com
- Total disclosed funding: $5.3M
- Latest round: Series B (Dec 10, 2003)
- Investors on record: 3

## About

Prime Carrier is a logistics company specializing in innovative supply chain solutions, offering services such as freight management, real-time tracking, and customized shipping to enhance operational efficiency for diverse businesses.Founded in 2000 in Dublin, Ireland, Prime Carrier focuses on logistics and supply chain management. The company was acquired by Flint Telecom in June 2008. Prime Carrier has two completed deals and was recently backed in a Series B funding round led by ACT Venture Capital, raising USD 5.25 mn, which constitutes the total amount raised to date.Prime Carrier specializes in providing innovative logistics and supply chain solutions tailored to meet the diverse needs of businesses operating in various sectors. The company's core offerings include advanced freight management systems, real-time tracking services, and customized shipping solutions designed to enhance operational efficiency and reduce costs. These products address key challenges in the logistics industry, such as shipment visibility and delay mitigation, ultimately improving the overall customer experience. Prime Carrier serves a wide range of clients, including retail businesses, manufacturing companies, and e-commerce platforms across North America and Europe, catering to both large enterprises and small to medium-sized businesses seeking to optimize their delivery processes.Prime Carrier engages in a revenue model primarily driven by B2B transactions, offering subscription-based services and direct partnerships with clients. The company reported a revenue of USD 288,122.4 in 2015, alongside an EBITDA of USD 31,885.9 for the same year. Clients pay a fixed fee for access to its logistics platform and additional charges based on shipment volume or services utilized, ensuring a steady stream of revenue as businesses increasingly rely on efficient supply chain solutions.Although specific upcoming product launches have not been detailed, Prime Carrier aims to expand its services into new geographic regions. The company plans to leverage the recent funding received from the Series B round to support its expansion efforts and possibly enhance its logistics platform. This growth strategy demonstrates Prime Carrier's commitment to meeting the evolving demands of the logistics market.

## Funding rounds

- Series B, Dec 10, 2003, $5.3M — ACT Venture Capital, Ion Equity, Delta Partners

## Investors

- ACT Venture Capital (https://capitalatlas.ai/funds/act-venture-capital) — Series B
- Ion Equity (https://capitalatlas.ai/funds/ion-equity) — Series B
- Delta Partners (https://capitalatlas.ai/funds/delta-partners) — Series B