About 40Seas
40Seas is a company based in Tel Aviv (Israel) founded in 2022 by Eyal Moldovan, Suki Gao, Gil Shiff, and Igor Zaks.. 40Seas has raised $17 million across 3 funding rounds from investors including ZIM, Eminence Ventures and QED Investors. 40Seas operates in a competitive market with competitors including Payoneer, Airwallex, Tipalti, Rapyd and Thunes, among others.
- Headquarter Tel Aviv, Israel
- Founders Eyal Moldovan, Suki Gao, Gil Shiff, Igor Zaks
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name פורטיסיז בע~מ
- Jurisdiction Na, Maharashtra, India
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$17 M (USD)
in 3 rounds
-
Latest Funding Round
$6 M (USD), Seed
Aug 02, 2023
-
Investors
ZIM
& 3 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of 40Seas
40Seas has successfully raised a total of $17M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $6 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $6.0M
-
First Round
First Round
(10 Jan 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2023 | Amount | Seed - 40Seas | Valuation | Eminence Ventures , QED Investors |
|
| Jan, 2023 | Amount | Debt – Conventional - 40Seas | Valuation |
investors |
|
| Jan, 2023 | Amount | Seed - 40Seas | Valuation | Team8 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 40Seas
40Seas has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include ZIM, Eminence Ventures and QED Investors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
-
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in early-stage start-ups
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 40Seas
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - 40Seas
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
40Seas Comparisons
Competitors of 40Seas
40Seas operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Payoneer, Airwallex, Tipalti, Rapyd and Thunes, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled for businesses via diverse payout methods.
|
|
| domain | founded_year | HQ Location |
Cross-border payments are processed for businesses via tools and APIs.
|
|
| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Global payment solutions are provided by Rapyd to businesses worldwide.
|
|
| domain | founded_year | HQ Location |
Cross-border payment infrastructure provider
|
|
| domain | founded_year | HQ Location |
Cross-border business payments are managed via an online platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about 40Seas
When was 40Seas founded?
40Seas was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is 40Seas located?
40Seas is headquartered in Tel Aviv, Israel.
Who is the current CEO of 40Seas?
Eyal Moldovan is the current CEO of 40Seas. They have also founded this company.
Is 40Seas a funded company?
40Seas is a funded company, having raised a total of $17M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $100M, raised on Jan 10, 2023.
What does 40Seas do?
40Seas was founded in 2022 in Tel Aviv, Israel, within the fintech sector. An online platform is operated to facilitate cross-border payments for businesses. Multi-currency acceptance, accounts payable management, wallet-based transactions, and related financial services are provided. Importers, exporters, and other stakeholders are supported through these operations, focusing on international trade efficiency.
Who are the top competitors of 40Seas?
Who are 40Seas's investors?
40Seas has 4 investors. Key investors include ZIM, Eminence Ventures, QED Investors, and Team8.