Shipamax
Latest round
- Series A
Last raised
- Dec 2019
Total raised
- $9.5M
Investors
- 7
About Shipamax
Based in the UK, Shipamax Ltd.Shipamax Ltd. was founded in 2016 in London, UK, and operates as a technology firm focused on data extraction solutions for logistics. The company has successfully closed 4 deals, with the most recent deal occurring on November 2, 2022. Shipamax was acquired by WiseTech Global Limited in November 2022, with details of the transaction remaining undisclosed.Shipamax offers advanced data extraction software specifically tailored for logistics teams, enhancing data entry automation across various processes. The core product includes automated solutions for invoice reconciliation, customs compliance, import job creation, and export validation. These functionalities streamline the handling of incoming commercial invoices and Master Bills, automating the categorization, extraction, and validation of data in real-time with high accuracy. The end use cases address the needs of logistics organizations, allowing them to reconcile invoices and credit notes swiftly, ensuring seamless integration into systems such as CargoWiseOne without disrupting existing workflows.Shipamax generates revenue through a subscription-based model designed for logistics companies that utilize its data extraction capabilities. Clients typically enter into agreements where they subscribe to the software, allowing them to access its features and automation tools on an ongoing basis. The transaction structure is predominantly B2B, as the firm services business clients in the logistics and shipping sectors. Revenue is influenced by the scope of services adopted, with pricing plans tailored to the specific needs of each client, particularly for flagship services like invoice reconciliation and customs compliance.Following its acquisition by WiseTech Global Limited, Shipamax plans to focus on innovation and product development. The company aims to expand its product offerings and is actively working on new solutions for the logistics sector. Specific markets targeted for expansion include the Asia-Pacific region, with plans to enhance its market presence by 2024.
Who invested in Shipamax
7 investors across 3 rounds
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Questions about Shipamax
Who invested in Shipamax?
Shipamax has 7 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Shipamax raised?
Shipamax has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Shipamax last raise money?
Shipamax's most recent round on record is a Series A, in Dec 2019.
What does Shipamax do?
Shipamax is a software company.
Where is Shipamax headquartered?
Shipamax is headquartered in London, UK.
Which VCs invest in companies like Shipamax?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Shipamax's stage. Their profiles are linked below.
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