About OpenTug
OpenTug is a company based in Seattle (United States) founded in 2019 by Jason Aristides, Luciano De La Iglesia, and Michael Baldwin.. OpenTug has raised $5.3 million across 3 funding rounds from investors including TMV, Entrada Ventures and Springtime Ventures. OpenTug offers products and services including BargeOS and LinerOS. OpenTug operates in a competitive market with competitors including Inttra, Veson Nautical, Ocean Freight Exchange and CoLoadX, among others.
- Headquarter Seattle, United States
- Founders Jason Aristides, Luciano De La Iglesia, Michael Baldwin
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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 Opentug, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.3 M (USD)
in 3 rounds
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Latest Funding Round
$2.2 M (USD), Seed
Mar 31, 2025
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Investors
TMV
& 4 more
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Employee Count
Employee Count
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Products & Services of OpenTug
OpenTug offers a comprehensive portfolio of products and services, including BargeOS and LinerOS. 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.
Platform for marine quoting and tracking to optimize logistics operations.
Tool for digitizing tariffs and streamlining booking in ocean transport.
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Funding Insights of OpenTug
OpenTug has successfully raised a total of $5.3M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.2 million completed in March 2025. 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 — $2.2M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - OpenTug | Valuation | TMV |
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| Feb, 2024 | Amount | Seed - OpenTug | Valuation | Entrada Ventures | |
| Jun, 2023 | Amount | Seed - OpenTug | Valuation | SeaChange |
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| 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 OpenTug
OpenTug has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include TMV, Entrada Ventures and Springtime 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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TMV is engaged in venture capital investments for transformative startups.
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Founded Year | Domain | Location | |
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Late-seed stage startups are invested in by Entrada Ventures.
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Founded Year | Domain | Location | |
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Seed-stage investments in US technology startups are provided.
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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 OpenTug
| 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 - OpenTug
| 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 |
Opentug Comparisons
Competitors of OpenTug
OpenTug 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 Inttra, Veson Nautical, Ocean Freight Exchange and CoLoadX, 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 |
Cloud-based platform for marine carrier bookings is operated.
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| domain | founded_year | HQ Location |
Software solutions are provided for maritime voyage estimation and management.
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| domain | founded_year | HQ Location |
An AI-enabled marketplace for ocean freight bookings is operated.
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| domain | founded_year | HQ Location |
Online freight marketplace for search, booking, and real-time data provision.
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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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Latest news on Opentug
Frequently Asked Questions about OpenTug
When was OpenTug founded?
OpenTug was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is OpenTug located?
OpenTug is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of OpenTug?
Jason Aristides is the current CEO of OpenTug. They have also founded this company.
Is OpenTug a funded company?
OpenTug is a funded company, having raised a total of $5.3M across 3 funding rounds to date.
What does OpenTug do?
OpenTug was founded in 2019 in Seattle, United States, focusing on the maritime logistics sector. Cloud-based solutions are provided for workflow management, including sales platform streamlining, AI-assisted quoting, vessel tracking, data analysis, and reporting. Barge capacity is offered for diverse cargo types, while a digital booking platform connects shippers, barge operators, terminals, and ports to support supply chain integration.
Who are the top competitors of OpenTug?
OpenTug's top competitors include Veson Nautical, Inttra and CoLoadX.
What products or services does OpenTug offer?
OpenTug offers BargeOS and LinerOS.
Who are OpenTug's investors?
OpenTug has 5 investors. Key investors include TMV, Entrada Ventures, Springtime Ventures, Stout Street Capital, and SeaChange.
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