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Ship Angel lands $5M in latest funding round

Ship Angel lands $5M in latest funding round
Ship Angel lands $5M in latest funding round

Ship Angel, a SaaS provider based in NYC, secured $5M in funding for its AI-native platform for international shippers.

The funding round was led by Glasswing Ventures and Newark Venture Partners, with contributions from Bienville Capital, Socii Capital, and Plug and Play.

The investment will support the expansion of Ship Angel's ocean and air freight rate management platform and the launch of two AI-powered solutions designed to optimize workflows for beneficial cargo owners (BCOs).

Led by CEO Graham Parker, Ship Angel aims to streamline freight processing, enhance data accuracy, and deliver significant cost savings with its new products, Contract Amendment Guard and Invoice Audit, which automate rate management and reduce manual labor.

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