About Starboard
Starboard is a company based in Scarborough (Canada) founded in 2024 by Sumeet Trehan. It operates as a SaaS (Software-as-a-Service). Starboard has raised $5.5 million across 1 funding round from investors including Garuda Ventures, Everywhere VC and Eclipse. Starboard offers products and services including Starboard OS and Quote Tool. Starboard operates in a competitive market with competitors including WiseTech Global, Kale Logistics Solutions, Magaya Corporation, GoComet and RXO, among others.
- Headquarter Scarborough, Canada
- Founders Sumeet Trehan
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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 Starboard Systems 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
$5.5 M (USD)
in 1 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Dec 17, 2024
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Investors
Garuda Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Starboard
Starboard offers a comprehensive portfolio of products and services, including Starboard OS and Quote 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.
Freight operations are simplified with automated tracking tools.
Accurate quotes are generated quickly using AI technology.
Funding Insights of Starboard
Starboard has successfully raised a total of $5.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.5 million completed in December 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 Series A — $5.5M
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First Round
First Round
(17 Dec 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series A - Starboard | Valuation | Eclipse |
| 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 Starboard
Starboard has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Garuda Ventures, Everywhere VC and Eclipse. 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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B2B startups are funded by Garuda venture capital firm.
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Founded Year | Domain | Location | |
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Early-stage investments are made in pre-seed startups globally.
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Founded Year | Domain | Location | |
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Early-stage investments are made by Eclipse across 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 Starboard
| 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 - Starboard
| 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 |
Starboard Comparisons
Competitors of Starboard
Starboard 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 WiseTech Global, Kale Logistics Solutions, Magaya Corporation, GoComet and RXO, 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 logistics software suite is provided for supply chain management.
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| domain | founded_year | HQ Location |
Cloud-based platforms for logistics, ports, and trade facilitation are provided.
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| domain | founded_year | HQ Location |
Cloud-based supply chain and logistics software is offered to businesses.
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| domain | founded_year | HQ Location |
AI-powered multimodal logistics platform for end-to-end supply chain digitization
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| domain | founded_year | HQ Location |
Cloud based platform providing freight forwarding solutions
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| domain | founded_year | HQ Location |
Cloud-based freight forwarding and logistics management solutions are offered.
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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 Starboard
Frequently Asked Questions about Starboard
When was Starboard founded?
Starboard was founded in 2024.
Where is Starboard located?
Starboard is headquartered in Scarborough, Canada. It is registered at Scarborough, Ontario, Canada.
Who is the current CEO of Starboard?
Sumeet Trehan is the current CEO of Starboard. They have also founded this company.
Is Starboard a funded company?
Starboard is a funded company, having raised a total of $5.5M across 1 funding round to date. The company's 1st funding round was a Series A of $5.5M, raised on Dec 17, 2024.
What does Starboard do?
AI-driven solutions are offered by Starboard to support small and medium-sized freight forwarders in streamlining operations. Logistics tools are designed to automate workflows, enhance quoting speed, and improve client satisfaction. Real-time tracking, invoice management, and payment follow-ups are integrated into their platform. The focus is placed on helping freight businesses win more RFQs and reduce operational costs. The technology sector, specifically logistics and freight management, is primarily served by their innovative software solutions.
Who are the top competitors of Starboard?
Starboard's top competitors include WiseTech Global, Kale Logistics Solutions and GoComet.
What products or services does Starboard offer?
Starboard offers Starboard OS and Quote Tool.
Who are Starboard's investors?
Starboard has 3 investors. Key investors include Garuda Ventures, Everywhere VC, and Eclipse.