CargoMate closes £500,00 seed round for port call optimisation technology

CargoMate closes £500,00 seed round for port call optimisation technology

Shipping technology start-up, CargoMate, has closed a £500,000 seed investment round, which the company will use to develop its port call optimisation platform for container ships.

CargoMate has been piloting this technology with a major ship operator since December 2017. The port call optimisation platform aims to improve turnaround time for container ships in port by providing real-time port productivity analytics to vessels and fleet management departments.

CargoMate CEO Chris Jones said: “Closing our seed round is a major milestone for the business, giving us the capital we need to continue to improve our product and begin partnering with container line operators to improve the efficiency of their fleet.”

 The CargoMate platform gives vessel operators full visibility of cargo operations and predicts the earliest time a ship can leave port. The technology is deployed to the ship, eliminating the need to rely on terminal infrastructure and allowing it to be used in every port worldwide.