What is NYSHEX?
Founded in 2015 and headquartered in New York City, NYSHEX is a technology company focused on enhancing the reliability and efficiency of shipping operations. It achieves this by providing a platform for effective digital contracting, streamlining the complex processes involved in global trade logistics. The company's innovative approach aims to reduce friction and increase transparency in the supply chain, addressing critical pain points for shippers and carriers alike.
How much funding has NYSHEX raised?
NYSHEX has raised a total of $60.1M across 5 funding rounds:
Series A
$8.5M
Private Equity
$13M
Debt
$150K
Unspecified
$13.5M
Series B
$25M
Series A (2017): $8.5M with participation from Blumberg Capital, Tectonic Capital, Goldman Sachs Principle Strategic Investments, and GE Ventures
Private Equity (2017): $13M led by Goldman Sachs, CMA CGM, Hapag-Lloyd, and GE Ventures
Debt (2020): $150K supported by PPP
Unspecified (2020): $13.5M featuring NewRoad Capital Partners LLC
Series B (2022): $25M backed by Goldman Sachs, New Roads Capital, Blumberg Capital, and Collate Capital
Key Investors in NYSHEX
Goldman Sachs
Goldman Sachs, a prominent global investment banking firm, provides a wide array of financial services and is known for its influential role in capital markets, offering strategic advisory and financing solutions.
CMA CGM
CMA CGM is a global shipping and logistics group offering comprehensive transport solutions, connecting ports and customers worldwide with an extensive fleet and integrated supply chain services.
Hapag-Lloyd
Hapag Lloyd AG is a leading global container shipping company specializing in marine freight and logistics, handling various cargo types including reefer, dangerous goods, and special projects.
What's next for NYSHEX?
With the recent influx of capital, NYSHEX is poised for accelerated expansion and further development of its digital contracting solutions. The enterprise-level backing suggests a focus on scaling operations, enhancing technological capabilities, and potentially broadening its market reach. This strategic investment will likely enable NYSHEX to solidify its position as a leader in modernizing the shipping industry through advanced digital infrastructure and robust contractual frameworks.
See full NYSHEX company page
