Haven Raises $11 Million

container ship

By MarEx 2016-05-15 17:49:27

Supply chain automation firm Haven has raised an additional $11 million to automate and modernize freight procurement. 

Haven launched its online booking platform for ocean freight in March 2014. It has since expanded into a full-service programmatic logistics platform that automates freight procurement for the world’s largest commodity traders, food producers and consumer packaged goods companies. 

Haven enables customers by improving execution speed and efficiency, while eliminating middlemen that obfuscate pricing and introduce unnecessary complexity into the global supply chain. Transforming commodity transportation gets the materials that build our houses and the food we eat to where we need it, with less friction and at lower cost.

The round was led by Spark Capital (investors in Medium, Twitter, Oculus, Wealthfront, Slack, Postmates & more). New investor AITV joined the round with follow-on investment from existing investors O’Reilly AlphaTech Ventures, Data Collective and First Round Capital.

The funds will be used to expand Haven’s new European office and Asian operations, to grow the San Francisco sales and design teams and to continue development of Haven’s automated platform. Haven currently has offices in San Francisco, Singapore and Switzerland.

“Haven is more than just a bidding platform,” says Kevin Thau of Spark Capital. “It’s a full featured, cloud based logistics control center with a beautifully-designed dashboard that gives shippers visibility into all of their shipments in real time. There’s no software to purchase or subscribe to, and no complex integrations or installations,” he said.

“By eliminating barriers to trade, Haven gets the materials that build our houses and the food we eat to where we need it, with less friction and at lower cost. Simply put, Haven’s platform will have a transformational effect on global trade.”

The products and services herein described in this press release are not endorsed by The Maritime Executive.