Company Overview
Snapshot
Founded in April 2022 by Eyal Moldovan, Gil Shiff, Igor Zaks, and Suki GAO, 40Seas operates with 11–50 employees. The company has raised $17 million across three funding rounds from four investors. In August 2023, 40Seas extended its Seed round, with Team8 leading the investment.
Business overview
40Seas provides a digital trade financing solution designed for the global supply chain. The company leverages artificial intelligence and data-driven technology to offer flexible B2B payment options, aiming to make working capital access fast, cheap, and easy for supply chain participants such as importers, exporters, freight forwarders, and sourcing agencies. It operates within the Fintech & Insurtech sector, specifically focusing on money transfer and management.
Strategic signal
In June 2023, ZIM expanded its partnership with 40Seas to offer flexible digital financing solutions to its customer base. This collaboration signals a strong market validation for 40Seas' platform within the logistics and shipping industry, demonstrating its capability to integrate with major players and provide essential financial services that streamline cross-border trade for a broad client base.
Log in to access full profile ›Company Intelligence Q&A
- What is 40Seas' primary focus?
- 40Seas focuses on providing digital trade financing solutions for the global supply chain, utilizing AI and data-driven technology to offer flexible B2B payment options.
- When was 40Seas founded?
- 40Seas was founded in April 2022.
- Which investors participated in 40Seas' extended Seed round in August 2023?
- In August 2023, 40Seas extended its Seed round, with Team8 leading the investment and QED Investors also participating.
- What significant partnership did 40Seas announce in June 2023?
- In June 2023, ZIM expanded its partnership with 40Seas to offer flexible digital financing solutions to its customer base, enhancing financial accessibility for global trade participants.
- What was the total capital raised by 40Seas?
- 40Seas has raised a total of $17 million across its funding rounds.