French startup Shipfix that takes shipping industry to the digital world secures €4M funding

French startup Shipfix is a data and community platform, which drives chartering and the operational efficiency in the maritime industry. With its platform, Shipfix lets businesses save workdays by structuring and organising their daily email overload into a comprehensible, powerful, fast, and searchable market overview.

In a recent development, Shipfix raised $4.5 million (nearly €4 million) seed funding led by Idinvest Partners along with participation from other investors such as Kima Ventures, Bpifrance, The Family, and strategic business angels.

For now, it works with ship operators, charterers, brokers, and freight forwarders being its prime focus. On the longer run, the startup plans to onboard commodity traders, insurers, banks, government, and investment firms.

Currently, Shipfix comprises a team of 15, including senior engineers, shipping professionals, data scientists, and analysts. It is predominantly a remote-based team and is spread across seven cities. Notably, the company has offices in London, Paris, and Toulouse.

Bringing data into the shipping industry!

Though it was founded in 2018 by Serge Alleyne and Antoine Grisay, it was launched just two months back. It is trying to fix the email overload issue faced by customers by providing them with a comprehensive market monitor.

Shipfix aims to transform the dry cargo shipping industry to suit the digital age. It connects to clients’ emails to extract and anonymously aggregate massive volumes of data using deep learning. It believes that with this move, clients can easily understand the market with filtered information instantly rather than scrolling through the long list of emails every day.

Leverages data intelligence and instant messaging

Fast and reliable communication is very important when it comes to fixing a ship. Understanding this, Shipfix has come up with a messaging platform that can be used to instantly communicate business opportunities across teams and improve operational efficiency.

Shipfix manages billions of data points and processes hundreds of thousands of vessel routes on a daily basis from satellite data and other inputs from data partners. This integration of data intelligence helps the startup operate with unprecedented decision-making tools.

Stock photo from Aun Photographer/Shutterstock

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