OpenTug
Marine freight, LCL, and project cargo marketplace that matches cargo to marine assets and services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor | €0.0 | round | |
* | $2.2m Valuation: $15.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 67 % | 100 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
OpenTug is a pioneering digital shipping network designed to revolutionize the barge industry by connecting freight with barges and terminals across the country. The company operates in the shipping and logistics market, serving a diverse range of clients including shippers, terminals, carriers, and ports.
OpenTug's business model is centered around providing a collaborative marketplace and sales suite for marine companies. This platform allows these companies to connect with their capacity more efficiently, facilitating a simplified booking process that accelerates quote generation and deal closure.
In addition, OpenTug offers a digital sales and marketing interface, OpenTerminal, specifically for ports and terminals. This tool is designed to drive new business and enhance customer service by streamlining operations with a branded sales platform.
OpenTug Marketplace is another key offering, connecting shippers with barges, terminals, and storage facilities. This marketplace simplifies coordination between stakeholders, providing a seamless workflow to manage bookings from request to delivery.
The company also offers a range of digital tools to enhance operational efficiency. These include easy CRM and API integrations, branded customer portals, live chat and service tracking, digital payment and billing management, and customer dashboards.
OpenTug's revenue is likely generated through a combination of platform subscription fees, transaction fees for bookings made through the marketplace, and fees for additional services such as OpenTug QuoteAI, a tool that allows operators to quote shipments instantly.
In summary, OpenTug is a digital shipping network that leverages technology to streamline operations in the barge industry, connecting freight with barges and terminals, and providing a suite of digital tools to enhance efficiency and customer service.
Keywords: Digital Shipping Network, Barge Industry, Freight, Terminals, Marine Companies, Collaborative Marketplace, Sales Suite, OpenTerminal, OpenTug Marketplace, OpenTug QuoteAI.