The US-based logistics software startup, Voyager Portal has raised $8.4 million in the latest funding round led by Oman-based private venture capital (VC) firm, Phaze Ventures.
Voyager Portal, a software platform enabling companies to reduce cost, risk, and complexity in their marine supply chain, has secured the fund in the Series A round. The new funding comes on the back of unprecedented growth since the company raised $1.5 million in seed money in a round co-lead by Phaze Ventures and ATX Ventures in 2019.
Further, the new funding round is also in line with Phaze Ventures’ initial close of its $30 million venture capital fund, targeting early-stage startups in the Middle East and North Africa (MENA), Europe and North America.
Established in 2018, Phaze Ventures is the first private venture capital firm in Oman which aims to fund early-stage disruptive technology companies from around the globe and accelerate the transformation of the region’s economies.
Other new investors in Voyager’s Series-A round include Los Angeles-based VC firm, ScOp Venture Capital and American Freight forwarder company, Flexport.
Abdullah al Shaksy Co-Founder & CEO Phaze Ventures
“Voyager is changing the way companies are thinking of their global shipping operations. Global supply chains are becoming increasingly complex and strained, and there is an incredible treasure trove of data that organizations are underutilizing in their decision-making process. We believe what Voyager has created for their customers across the globe will revolutionize this space forever.”
“Voyager Portal was created to significantly reduce cost, risk, and complexity when transporting bulk materials around the world. With our Series A funding, we’ll be able to expedite our product roadmap to support an international client base whilst expanding our engineering, development, marketing and sales teams internationally,” said Mr. Matthew Costello, CEO and Co-Founder of Voyager.
Voyager’s low-code architecture, which allows customers to quickly and easily configure the platform to match their business processes, is a unique differentiator in a market dominated by rigid legacy systems. The platform was also built from the ground up to be a multi-party system, allowing companies to seamlessly collaborate in real-time over a single shipment.
