What is BITE?
BITE Data operates as a software-as-a-service (SaaS) platform dedicated to streamlining global trade compliance. The company leverages automated screening tools and AI-driven risk analysis to assist exporters, importers, logistics firms, compliance officers, and supply chain managers. Its comprehensive solution provides real-time compliance data and robust risk management software, available through flexible subscription models and a convenient mobile application, catering to businesses of all sizes seeking efficient and cost-effective compliance processes.
How much funding has BITE raised?
BITE has raised a total of $2.5M across 1 funding round:
Seed
$2.5M
Seed (2025): $2.5M with participation from New Dominion Angels, Las Olas VC, and BlueImpact Supply Chain Ventures
Key Investors in BITE
New Dominion Angels
New Dominion Angels is a Washington, DC area investors group made up of entrepreneurs, operators, and executives who have successfully built and scaled businesses. They focus on backing early-stage startups that are addressing complex problems in large and often overlooked markets.
Las Olas VC
Las Olas Venture Capital is a venture capital firm that focuses on backing founders who are developing AI and software applications aimed at modernizing outdated business workflows. They typically invest between $1.5 million and $3 million in seed-stage companies, with a preference for SaaS and vertical AI industries.
BlueImpact Supply Chain Ventures
BlueImpact Supply Chain Ventures is a company that operates in the Venture Capital & Private Equity industry. It employs 10to19 people and has 500Kto1M of revenue. The company is headquartered in Boca Raton, Florida.
What's next for BITE?
With the recent major strategic investment, BITE Data is poised for accelerated expansion and enhanced product development. The substantial capital infusion, contextualized as enterprise-level funding, suggests a strategic focus on scaling operations, broadening market reach, and potentially integrating advanced AI capabilities to further automate and de-risk global trade compliance. This financing round is expected to solidify BITE Data's position as a leader in the trade compliance technology landscape, enabling the company to address the evolving complexities of international trade regulations.
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