About Northbound
Northbound is a company based in Berlin (Germany) founded in 2023 by Rahul Y and Andreas Canel.. Northbound has raised $1.41 million across 1 funding round from investors including MVP Factory, Apex Black and Id4 Ventures. Northbound offers products and services including D&D Cost Reduction Software and Invoice Verification Tool. Northbound operates in a competitive market with competitors including OOCL, ShipNEXT, Clear Metal, SRT Marine and Dakosy, among others.
- Headquarter Berlin, Germany
- Founders Rahul Y, Andreas Canel
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Mesa Technologies Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.41 M (USD)
in 1 rounds
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Latest Funding Round
$1.41 M (USD), Seed
Jul 10, 2024
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Investors
MVP Factory
& 4 more
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Employee Count
Employee Count
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Products & Services of Northbound
Northbound offers a comprehensive portfolio of products and services, including D&D Cost Reduction Software and Invoice Verification Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for real-time tracking and minimizing demurrage costs.
AI system to automatically check and dispute D&D invoices.
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Funding Insights of Northbound
Northbound has successfully raised a total of $1.41M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.41 million completed in July 2024. 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 1
- Last Round Seed — $1.4M
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First Round
First Round
(10 Jul 2024)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Seed - Northbound | Valuation | Apex Black |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Northbound
Northbound has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include MVP Factory, Apex Black and Id4 Ventures. 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 |
|---|---|---|---|---|
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Apex Black is engaged in backing innovative tech founders.
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Founded Year | Domain | Location | |
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Early-stage investments are made in Deep Tech startups across Europe.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Northbound
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Northbound
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Northbound Comparisons
Competitors of Northbound
Northbound 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 OOCL, ShipNEXT, Clear Metal, SRT Marine and Dakosy, 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 |
Ocean cargo services are booked through an online platform.
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| domain | founded_year | HQ Location |
Provider of AI, web, and blockchain-based digital shipping marketplace and a reverse trading platform
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| domain | founded_year | HQ Location |
AI and web-enabled analytics platforms are provided for container shipping.
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| domain | founded_year | HQ Location |
Developer of maritime technologies, products, and systems
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| domain | founded_year | HQ Location |
Shipping software for maritime and logistics sectors is provided.
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| domain | founded_year | HQ Location |
Platform offering AI-based shipping management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Northbound
When was Northbound founded?
Northbound was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Northbound located?
Northbound is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Northbound?
Andreas Canel is the current CEO of Northbound. They have also founded this company.
Is Northbound a funded company?
Northbound is a funded company, having raised a total of $1.41M across 1 funding round to date. The company's 1st funding round was a Seed of $1.41M, raised on Jul 10, 2024.
What does Northbound do?
Northbound was founded in 2023 and is based in Berlin, Germany. Software solutions are offered by the company to address demurrage and detention costs within the container logistics sector. Real-time container tracking is enabled, along with automated invoice verification and tools for container planning optimization. Potential fees are proactively managed through the platform, which supports greater oversight of logistics operations.
Who are the top competitors of Northbound?
Northbound's top competitors include OOCL, Bearing.ai and SRT Marine.
What products or services does Northbound offer?
Northbound offers D&D Cost Reduction Software and Invoice Verification Tool.
Who are Northbound's investors?
Northbound has 5 investors. Key investors include MVP Factory, Apex Black, Id4 Ventures, IBB Ventures, and Schenker Ventures.
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