Ocean Freight Exchange
Ocean Freight Exchange is a data-centric AI platform that connects ship owners and charterers, enhancing productivity and business value in the $1.3 trillion bulk shipping industry while reducing carbon footprint. The platform enables brokers to significantly increase their revenue and efficiency through advanced analytics and automation. Backed by top venture capital firms, OFE has established itself as a leader in the market, winning accolades such as the 1st place in the Singapore government's Pier71 AI competition in 2018.
Ocean Freight Exchange
Ocean Freight Exchange is a data-centric AI platform that connects ship owners and charterers, enhancing productivity and business value in the $1.3 trillion bulk shipping industry while reducing carbon footprint. The platform enables brokers to significantly increase their revenue and efficiency through advanced analytics and automation. Backed by top venture capital firms, OFE has established itself as a leader in the market, winning accolades such as the 1st place in the Singapore government's Pier71 AI competition in 2018.
TL;DR
Founded: 2015
Headquarters: Los Angeles, California
Product: Data-centric AI platform for ocean freight (dry bulk, tanker, gas) connecting ship owners and charterers
Founders / Leadership: John Hahn (CEO & Co‑Founder); Michael Guo (CTO & Co‑Founder)
Recent round: Seed — Jan 7, 2021 (company website reports an over-subscribed US$3.3M seed)
Investors (examples): Corigin Ventures; NextView Ventures; Accomplice; Foundation Capital; Jenny Fielding; Peter Evensen
Company Overview
Problem Domain
Inefficient broker workflows and information gaps in ocean freight (bulk shipping) markets.
Founded
2015
Industry
Ocean freight (dry bulk, tanker, gas)
Funding Track Record
USD 3,300,000
Company website states an over-subscribed US$3.3M seed round announced Jan 2021; Crunchbase lists a Seed round on Jan 7, 2021 and indicates three funding rounds in total.
Investor Signal
“Backed by multiple venture capital firms and individual investors, including Corigin Ventures, NextView Ventures, Accomplice, Foundation Capital, Jenny Fielding, and Peter Evensen.”