About ShoreTrade
ShoreTrade is a company based in Pyrmont (Australia) founded in 2018 by Peter Manettas.. ShoreTrade has raised $10 million across 2 funding rounds from investors including Investible, Luxem and Vulpes. ShoreTrade operates in a competitive market with competitors including FoodByUs, Ablife, Preplocal, PrimeX Connect and Rainforest Bounty, among others.
- Headquarter Pyrmont, Australia
- Founders Peter Manettas
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Sectors
RetailAgriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series A
Mar 09, 2021
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Investors
Investible
& 2 more
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Employee Count
Employee Count
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Product Management Team
2 people
Logistics Team
1 people
Founder Team
1 people
Sales and Marketing
1 people
Unlock access to complete
Funding Insights of ShoreTrade
ShoreTrade has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in March 2021. 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 2
- Last Round Series A — $8.0M
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First Round
First Round
(23 Oct 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - ShoreTrade | Valuation | Investible | |
| Oct, 2018 | Amount | Seed - ShoreTrade | Valuation | Investible |
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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 ShoreTrade
ShoreTrade has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Investible, Luxem and Vulpes. 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 Investible in APAC.
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Founded Year | Domain | Location | |
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Luxem is operated as a family office for investments.
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Founded Year | Domain | Location | |
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Early-stage tech and offline investments are managed across 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 ShoreTrade
| 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 - ShoreTrade
| 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 |
Shoretrade Comparisons
Competitors of ShoreTrade
ShoreTrade 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 FoodByUs, Ablife, Preplocal, PrimeX Connect and Rainforest Bounty, 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 |
Multi-category grocery products are offered through an online B2B marketplace.
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| domain | founded_year | HQ Location |
Delivers comprehensive retail store aggregation solutions for businesses.
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| domain | founded_year | HQ Location |
B2B food distribution platform
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| domain | founded_year | HQ Location |
Online platform to connect Australian red meat producers with International buyers
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| domain | founded_year | HQ Location |
B2B e-distribution of specialty Asian food products is conducted.
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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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Latest news on Shoretrade
Frequently Asked Questions about ShoreTrade
When was ShoreTrade founded?
ShoreTrade was founded in 2018.
Where is ShoreTrade located?
ShoreTrade is headquartered in Pyrmont, Australia. It is registered at Pyrmont, New South Wales, Australia.
Is ShoreTrade a funded company?
ShoreTrade is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Oct 23, 2018.
What does ShoreTrade do?
ShoreTrade is an online marketplace for seafood. It allows fishermen, fisheries to list out their fishes, and other seafood products. It also enables wholesalers and suppliers to purchase the products from its online platform. They also offer product logistic services for local and international orders placed on the platform. The orders can also be placed from its mobile application that is available for Android and iOS users.
Who are the top competitors of ShoreTrade?
ShoreTrade's top competitors include FoodByUs, Preplocal and PrimeX Connect.
Who are ShoreTrade's investors?
ShoreTrade has 3 investors. Key investors include Investible, Luxem, and Vulpes.