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Portex
Logistics procurement and management
- 1-20 employees
- B2B
- Logistics
- Transport
- Supply Chain
- SaaS
- SoMa, San Francisco, CA
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Company mission
To make freight procurement and payment simple, standardized and transparent for all.
Our take
Small and mid-sized companies often lose out on freight bids due to fragmented communication and time-consuming manual tasks. Portex’s target customer base is SMEs, for whom it has built a cloud-based platform to centralize communication with all stops in the freight and logistics pipeline. Its platform helps the underserved SME market to manage freight bids, quotes, shipment status, and carrier performance.
Portex’s software is not just designed for SME efficiency but empowers the shippers too. Its broker-agnostic system means that freight shipping companies can balance their pricing and service needs with the requirements of the SMEs bidding for their space. Portex’s smart analytics system ensures that customers spend 80% less time on freight tasks and slashes costs by 30%.
Portex has enjoyed steady growth since its founding in 2020. It’s on track to reach an important milestone of $100 million in annualized freight booking, coinciding with a seed raise of $6.3 million in 2024. These funds will be used to accelerate its AI product development.
Steph
Company Specialist at Welcome to the Jungle
Funding (1 round)
Sep 2024
$6.3m
SEED
Total funding: $6.3m
Leadership
Brittany Ennix
(Founder & CEO)Previously a Global Account Executive at Flexport. They also worked in Business Development at Uber and Sidecar Technologies and worked in Strategic Partnerships and Growth for Soldsie.
Jobs (2)
Operations & Strategy
Sales & Account Management