# SeaVantage

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.seavantage.com
- Total disclosed funding: $1.3M
- Latest round: Series A (Dec 28, 2022)
- Investors on record: 5

## About

Based in Seoul, South Korea, SeaVantage Inc offers advanced ocean freight visibility solutions, enhancing tracking and predictive analytics for maritime logistics, thereby improving operational efficiency for shipping companies and logistics providers.SeaVantage Inc specializes in providing ocean freight visibility solutions. Founded in 2018 in Seoul, South Korea, the company has completed 2 deals, with its most recent funding round being a Series A in December 2022, raising KRW 1.6 billion from investors including BDC Labs, IBK Capital, Lindeman Asia Investment, and We Ventures. The company’s CEO is Gene Song, while the founder is Ethan Kim.SeaVantage specializes in ocean freight visibility solutions that provide comprehensive tracking and predictive analytics for maritime logistics. Their key offerings include a centralized dashboard that aggregates data from multiple carriers, allowing clients to track shipments in real-time and access predictive estimated times of arrival (ETAs). The platform integrates live AIS vessel tracking, worldwide port congestion data, and essential insights into port and terminal conditions, leveraging over ten years of AIS data. This advanced technology serves a diverse client base, including shipping companies, logistics providers, and supply chain managers, who utilize the platform to enhance operational efficiency and minimize costs related to demurrage and logistics. SeaVantage’s products serve markets across North America, Europe, and Asia, addressing the challenges of cargo tracking, route optimization, and real-time visibility in an increasingly complex global trade environment.In 2022, SeaVantage reported a revenue of KRW 684,667.4 from its subscription-based services and partnerships with clients in the shipping and logistics sectors. Clients engage with the platform under flexible subscription plans, leveraging the SeaVantage Insight platform to monitor vessel performance and streamline logistics processes effectively.Following the Series A funding round in December 2022, SeaVantage plans to utilize the KRW 1.6 billion raised to expand into a global supply chain visualization platform. This includes the development of upcoming products designed to enhance their service offerings and targeting new markets for expansion. Specific geographic regions and additional product release dates will be defined as part of their growth strategy.

## Funding rounds

- Series A, Dec 28, 2022, $1.3M — Lindeman Asia Investment, IBK Capital, BDC Labs, We Ventures
- Seed, May 27, 2021 — Bluepoint Partners

## Investors

- Bluepoint Partners (https://capitalatlas.ai/funds/bluepoint-partners) — Seed
- Lindeman Asia Investment (https://capitalatlas.ai/funds/lindeman-asia-investment) — Series A
- IBK Capital (https://capitalatlas.ai/funds/ibk-capital) — Series A
- BDC Labs — Series A
- We Ventures — Series A