# Ship Angel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ship-angel

- Industry: Software
- Headquarters: New York, US
- Website: www.shipangel.com
- Total disclosed funding: $5.5M
- Latest round: Seed (May 17, 2024)
- Investors on record: 5

## About

Based in New York, US, and founded in 2023 by CEO Graham Parker, Ship Angel, Inc., a.k.a. Ship Angel operates as a software company that focuses on providing supply chain operating systems designed to streamline shipping operations through integration and automated updates. In June 2024, Ship Angel, Inc. raised USD 5 million in seed funding, co-led by Glasswing Ventures and Newark Venture Partners, with participation from Bienville Capital, Socii Capital, and Plug and Play Ventures.

The company provides AI and Core APIs with tools such as rate management, amendment guard, and invoice auditing. The rate management tool helps companies minimize costs and improve efficiency by providing real-time data on shipping rates.  The amendment guard tool scans dense shipping documents to identify discrepancies in contracts, while the invoice auditing tool streamlines financial processes, enhances transparency, and optimizes costs by auditing shipping invoices.

Ship Angel generates revenue from the subscriptions to its platform packages, which include Team (USD 2,499 per month), Advance (USD 3,799 per month), and Enterprise (custom pricing).

The company plans to use its proceeds from June 2024 funding to diversify platform offerings and support the introduction of its technological advancements.

## Funding rounds

- Seed, May 17, 2024, $5.5M — Plug and Play, NVP Capital, Glasswing Ventures, Socii Capital, Bienville Capital

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- NVP Capital — Seed
- Glasswing Ventures (https://capitalatlas.ai/funds/glasswing-ventures) — Seed
- Socii Capital (https://capitalatlas.ai/funds/socii-capital) — Seed
- Bienville Capital — Seed