What does OpenTug do?
OpenTug is a maritime logistics software provider based in Seattle, WA. The company delivers cloud-based solutions, including OpenTug BargeOS and LinerOS, which streamline the process of nominations to deliverance and enhance cargo and barge management with features like rapid quote generation, seamless booking, and real-time tracking.
How much did they raise?
The company raised $2.2M in its latest investment round, led by TMV, bringing its total capital raised to $5.3M following a previous $3.1M round.
What are their plans for the money?
With the new funds, OpenTug plans to accelerate product development and extend its focus on artificial intelligence, operational optimization, and the integration of inland and coastal shipping logistics. This investment is expected to significantly enhance service quality and operational agility in the maritime sector.
What have they achieved so far?
Prior to this round, OpenTug had already demonstrated progress by securing $3.1M, and by developing a comprehensive logistics platform that efficiently manages cargo and barge operations across inland and coastal waterways.
