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Information Technology Internet Logistics Marine Technology Marine Transportation Sub-Saharan Africa Supply Chain Management Transportation

Nigerian digital freight provider MVX lands $1.3M to help shippers move cargoes faster

– MVX, a Nigerian-based digital freight company, raised $1.3m in seed funding.
– MVX raised money for its seed round from Africa-focused firms Kepple Africa, The Continent Venture Partners, Founders Factory, Launch Africa, and Capital Oak.
– Some angel investors in the U.S., Japan, Nigeria, and South Africa also participated.
– MVX plans to use the funding to expand its operations in Nigeria and other African countries.

Air Transportation Artificial Intelligence Latin America Logistics Marine Transportation Software Transportation

Nowports raises $16M to build the OS for LatAm’s shipping industry

– Nowports, an automated digital freight forwarder in Latin America, has raised $16m in Series A funding.
Mouro Capital led the round for the Monterrey, Mexico-based startup.
Foundation Capital also participated in the financing, which included participation from existing backers Broadhaven Ventures, InvestoVC, Monashees, Base10 Partners and Y Combinator.
– A number of angels also put money in the round, including founder Ricardo Weder, Carlos Salinas from Luuna and Tinder co-founder Justin Mateen.
– The investment brings Nowports’ total raised since its 2018 inception to over $24m.

Artificial Intelligence Industrial Intelligent Systems Marine Transportation North Africa and the Middle East Public Safety Shipping

Orca AI, which puts computer vision onto cargo ships, raises $13M Series A funding

– Israeli startup Orca AI raised $13m in Series A funding.
– The round was led by OCV Partners, with principal Zohar Loshitzer joining Orca AI’s board.
Mizmaa Ventures and Playfair Capital also participated.
– The company was founded by naval technology experts Yarden Gross and Dor Raviv.
– The latter is a former Israel navy computer vision expert.
– Customers include Kirby, Ray Car Carriers and NYK.
– Orca AI’s AI-based navigation and vessel tracking system supports ships in difficult to tricky to navigate situations and congested waterways, using vision sensors, thermal and low-light cameras, plus algorithms that look at the environment and alert crews to dangerous situations.

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