Portex
Portex eliminates the manual freight procurement workflow for shippers and their partners.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $6.3m | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 70 % | - |
| 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
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PortexPro is a startup focused on revolutionizing the logistics and supply chain industry. The company specializes in simplifying and automating the spot freight procurement process, which is the method of obtaining freight services on a short-term basis. By leveraging data and technology, PortexPro aims to bring pricing efficiency and transparency to the global logistics market.
PortexPro primarily serves brokers, freight forwarders, and carriers. These clients benefit from the platform's ability to provide easy and informed spot rate comparisons. The platform aggregates quotes and benchmarks them, allowing users to make quick and well-informed decisions. This saves time and provides valuable insights into freight spend, helping businesses manage their logistics costs more effectively.
The market PortexPro operates in is the global logistics and supply chain industry, which is vast and complex. The company’s business model revolves around providing a software-as-a-service (SaaS) platform. This means clients pay a subscription fee to use the software, which helps them manage their freight procurement processes more efficiently.
PortexPro makes money through these subscription fees, and potentially through additional services or premium features that offer deeper insights and more advanced tools for managing logistics and supply chain operations.
The team behind PortexPro includes experienced professionals from leading companies such as Flexport, KeepTruckin, Uber, Procore, and Morgan Stanley. This diverse expertise helps the company tackle some of the most complex pricing problems in the supply chain industry.
In summary, PortexPro is a cutting-edge startup that simplifies and automates freight procurement, providing transparency and efficiency in logistics pricing. It serves brokers, freight forwarders, and carriers, operating on a SaaS business model to generate revenue.
Keywords: logistics, supply chain, freight procurement, SaaS, data-driven, transparency, efficiency, brokers, freight forwarders, carriers.