SHIPSTA is unique in delivering a digitisation boost in the logistics industry via crowdsourcing and artificial intelligence – digitally procuring freight rates has never been so easy. Well-known investors have recognised this: RTP Global and MANGROVE CAPITAL PARTNERS are supporting SHIPSTA with a generous amount in the millions.
The Luxembourg company SHIPSTA has carried out a round of financing in the midseven-digit range. The established venture capital companies RTP Global Investments and Mangrove Capital Partners were acquired in the pre-series A-round.
“The logistics industry is lagging behind in the digitisation process – and so often remains inefficient,”
says Anton Inshutin, Managing Partner at RTP Global. “We like SHIPSTA’s ambitious vision of developing a marketplace for e-procurement that massively simplifies all processes and integrates all transport routes.”
Hans-Jürgen Schmitz, co-founder of Mangrove Capital Partner, also praises SHIPSTA:
“Industry expertise and team experience are especially key if you want to score digital innovation points in an established industry like logistics. SHIPSTA’s founding team impressed us with its comprehensive product knowledge and sales experience. SHIPSTA’s ability to acquire big clients for its product early on is great proof of this.”
An Investment in the Logistics of the Future
SHIPSTA plans to invest the newly acquired capital in the revolutionary marketplace, which is unique in the sea freight sector. The associated crowdsourcing and AI projects will also be pushed forward to bring shippers and carriers together as easily and quickly as possible, optimally bundling freight volumes together on the SHIPSTA platform.
“We are proud that we have been able to win over such successful investors with our SHIPSTA concept,”
“We believe that we have the leading solution for the digital and autonomous procurement of freight volumes with SHIPSTA.”
About RTP Global
RTP Global, formerly ru-Net, is a venture capital company that invests in international technology startups. Since being founded in 2000, RTP Global has invested in more than 40 technology companies worldwide. This includes European technology companies like Yandex and Delivery Hero, both of which RTP Global has supported both financially and professionally. RTP Global invests in industries in which the company has relevant expertise and sees high growth potential. This includes areas such as artificial intelligence, foodtech, healthtech, entertainment (including sport), mobility, transportation, proptech, fintech and e-commerce.
MANGROVE CAPITAL PARTNERS is one of the leading European venture capital companies. Since being founded in 2000, it has focussed on the early/first phase financing of ambitious technology projects with global market potential. Well-known companies that Mangrove has supported since being launched include companies like K-Health, RedPoints, Skype, Walkme and Wix. Mangrove primarily invests in Europe and Israel.
SHIPSTA powers smart logistics procurement with a digital platform that connects shippers and carriers to ensure a frictionless procurement process for spot and contract buying, entirely online. It automates complex tasks, provides unrivalled visibility and supports fast data-driven decision-making. Designed and built by experts in logistics procurement, it is bringing transparency, automation and efficiency to the global logistics industry. It is used by some of the world’s largest companies to respond to market volatility, control freight costs and manage risk. The company was founded in 2015 and is based in Mertert, Luxembourg and Hamburg, Germany.