About Portchain
Portchain is a company based in Copenhagen (Denmark) founded in 2017 by Thor Thorup, Niels Kristiansen, and Anders Olivarius.. Portchain has raised $8.52 million across 6 funding rounds from investors including European Union, Angular Ventures and Morten Eldrup Jorgensen. The company has 20 employees as of November 30, 2024. Portchain offers products and services including Portchain Connect and Portchain Quay. Portchain operates in a competitive market with competitors including Clear Metal, Portcast, ShipNEXT, OOCL and Bearing.ai, among others.
- Headquarter Copenhagen, Denmark
- Employees 20 as on 30 Nov, 2024
- Founders Thor Thorup, Niels Kristiansen, Anders Olivarius
- Stage Minicorn
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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 Portchain Aps
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Annual Revenue
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Net Profit
$-481.54 K (USD)-747as on Dec 31, 2022
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EBITDA
$-773.96 K (USD)-1780as on Dec 31, 2022
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Total Equity Funding
$8.52 M (USD)
in 6 rounds
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Latest Funding Round
$5 M (USD), Series A
Feb 12, 2024
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Investors
European Union
& 7 more
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Employee Count
20
as on Nov 30, 2024
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Products & Services of Portchain
Portchain offers a comprehensive portfolio of products and services, including Portchain Connect and Portchain Quay. 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 streamlining berth alignment and scheduling processes
Tool for optimizing quayside planning and resource allocation
Unlock access to complete
Funding Insights of Portchain
Portchain has successfully raised a total of $8.52M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in February 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 6
- Last Round Series A — $5.0M
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First Round
First Round
(10 Jan 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series A - Portchain | Valuation | Angular Ventures |
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| Aug, 2021 | Amount | Seed - Portchain | Valuation |
investors |
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| Jun, 2019 | Amount | Seed - Portchain | Valuation |
investors |
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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 Portchain
Portchain has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include European Union, Angular Ventures and Morten Eldrup Jorgensen. 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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Venture capital firm focused on deep tech startups
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Founded Year | Domain | Location | |
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Government agency and accelerator focusing on innovative startups and SMEs
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 Portchain
| 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 - Portchain
| 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 |
Portchain Comparisons
Competitors of Portchain
Portchain 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 Clear Metal, Portcast, ShipNEXT, OOCL and Bearing.ai, 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 |
AI and web-enabled analytics platforms are provided for container shipping.
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| domain | founded_year | HQ Location |
Predictive supply chain visibility and analytics are provided for logistics.
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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 |
Ocean cargo services are booked through an online platform.
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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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Latest news on Portchain
Frequently Asked Questions about Portchain
When was Portchain founded?
Portchain was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Portchain located?
Portchain is headquartered in Copenhagen, Denmark.
Who is the current CEO of Portchain?
Niels Kristiansen is the current CEO of Portchain. They have also founded this company.
Is Portchain a funded company?
Portchain is a funded company, having raised a total of $8.52M across 6 funding rounds to date. The company's 1st funding round was a Seed of $94.72K, raised on Jan 10, 2018.
How many employees does Portchain have?
As of Nov 30, 2024, the latest employee count at Portchain is 20.
What does Portchain do?
Portchain was founded in 2017 in Copenhagen, Denmark, within the maritime logistics sector. An AI-driven, cloud-based platform is offered to support port operators in vessel scheduling and terminal resource allocation. Real-time vessel schedule updates are delivered, enabling efficient oversight of port assets. Intelligent assignments of vessels and cranes are utilized to lower labor expenses, with operations centered in Europe.
Who are the top competitors of Portchain?
Portchain's top competitors include OOCL, Portcast and Bearing.ai.
What products or services does Portchain offer?
Portchain offers Portchain Connect and Portchain Quay.
Who are Portchain's investors?
Portchain has 8 investors. Key investors include European Union, Angular Ventures, Morten Eldrup Jorgensen, Tommy Thomsen, and Michael Hassing.
What is Portchain's valuation?
The valuation of Portchain is $1.81M as of Jun 2019.