About Portex
Portex is a company based in San Francisco (United States) founded in 2020.. Portex has raised $6.25 million across 1 funding round from investors including Footwork, Cowboy Ventures and Base10 Partners. Portex offers products and services including Freight Dashboard, Instant Chat Feature, and Spend Analysis Tool. Portex operates in a competitive market with competitors including ShipsKart, Moscord, Spoolify, Orion Marine Concepts and Ship Supplies Direct, among others.
- Headquarter San Francisco, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.25 M (USD)
in 1 rounds
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Latest Funding Round
$6.25 M (USD), Seed
Sep 05, 2024
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Investors
Footwork
& 3 more
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Employee Count
Employee Count
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Products & Services of Portex
Portex offers a comprehensive portfolio of products and services, including Freight Dashboard, Instant Chat Feature, and Spend Analysis 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.
Centralized tool for quoting, bidding, and tracking freight operations.
Enables real-time messaging with freight partners for status updates.
Generates reports to optimize freight costs and identify savings.
Funding Insights of Portex
Portex has successfully raised a total of $6.25M through 1 strategic funding round. The most recent funding activity was a Seed round of $6.25 million completed in September 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 — $6.2M
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First Round
First Round
(05 Sep 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Seed - Portex | Valuation | Footwork |
| 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 Portex
Portex has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Footwork, Cowboy Ventures and Base10 Partners. 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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Early-stage venture capital investments are provided by Footwork.
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Founded Year | Domain | Location | |
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US focused Seed and early-stage stage VC firm
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Founded Year | Domain | Location | |
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Investments are managed by Base10 Partners in technology for the real economy, with operations in finance, food, retail, and related 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 Portex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Portex
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Portex Comparisons
Competitors of Portex
Portex 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 ShipsKart, Moscord, Spoolify, Orion Marine Concepts and Ship Supplies Direct, 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 |
Online B2B marketplace for maritime services and logistics is provided.
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| domain | founded_year | HQ Location |
Procurement management platform is offered for maritime logistics providers.
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| domain | founded_year | HQ Location |
Provider of AI-enabled platform that matches services to skills in the maritime industry
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| domain | founded_year | HQ Location |
Delivers specialized software solutions for the nautical and marine industry.
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| domain | founded_year | HQ Location |
Delivers comprehensive web-based software for maritime shipping management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Portex
When was Portex founded?
Portex was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Portex located?
Portex is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Portex a funded company?
Portex is a funded company, having raised a total of $6.25M across 1 funding round to date. The company's 1st funding round was a Seed of $6.25M, raised on Sep 05, 2024.
What does Portex do?
Provider of web-based freight procurement management solutions. The company offers solutions for managing spot procurement processes for shippers or freight forwarders. Users can request, compare and benchmark spot quoting. It also provides freight spend data, insights, and detailed data reports.
Who are the top competitors of Portex?
What products or services does Portex offer?
Portex offers Freight Dashboard, Instant Chat Feature, and Spend Analysis Tool.
Who are Portex's investors?
Portex has 4 investors. Key investors include Footwork, Cowboy Ventures, Base10 Partners, and Susa Ventures.