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Image Credits:Harbor Lab / Harbor Lab founder Antonis Malaxianakis
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Cargo ships docking at a commercial-grade larboard incur costs hollo “ disbursement ” and “ port wine call expense . ” These might admit larboard due , tow , and pilotage fees . It ’s a complex patchwork and all port control their own subroutine , much of it on spreadsheet . The spheric toll from port Call , for all vessels , is over$220 billion dollarsper class .
Now , a Grecian marine software system startup that we lastcoveredwhen it raise a € 6.1 million seed round — Harbor Lab — has gone on to nurture a $ 16 million Series A funding round led by European VC Atomico .
Harbor Lab says the costs that arise from a vessel ’s larboard calls are the second largest disbursal for commercial watercraft behind fuel , reaching around $ 2.2 million per watercraft per twelvemonth .
The fellowship claims its platform can streamline those costs and reduce the margin of error in invoicing errors and overpayments from 20 % to just 3 % per embrasure call .
Antonis Malaxianakis told me over a call : “ I was a potential substance abuser of the package that we have create . I have myself manually train over 20,000 expense news report , so I knew all vista of the business organisation and points of the industry . So for us , the second we had the seed funding , and we could give software engineering , and we could focus , on a very strict roadmap we were very confident about success . ”
He add : “ We have a war . But in the shipping industriousness , we have consignment rates being increased because of that and the redundant danger . We are very focussed on doing a right KYC investigation on all party that are on board . Both the vessels and the agent that are across the world . When the war happened within a Nox , we had to approve 100 participants of overnight . ”
Atomico partner Ben Blume assure me : “ We ’ve been looking into core logistics processes and moving stuff around the satellite . With that lens , we total to Harbor Lab . There are a few dissimilar stages to the commercial-grade nautical journeying that each postulate pieces of software program around them … This company felt like the most exciting one to get involve in . ”
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He also say : “ I think in Antonis you ’ve got in front of you a really visionary founder , someone who brings just an enormous amount of energy to the business organisation he ’s establish , as well as deep manufacture experience . ”
newfangled environmental legislating and various geopolitical crises are take a crap it more of a crusade matter to address the complications of transporting cargo .
Harbor Lab already has shipping giantsGreat Eastern Shipping , Oldendorff , Veson Nautical , and90POEas guest and collaborator .
Seed investor Apostolos Apostolakis , partner of VentureFriends , told me : “ Having been among the first institutional investors in Harbor Lab , we were convinced too soon on about its potential also because it was so clear pronounce by Antonis . We were fortunate to experience firsthand the steady procession towards that vision and to boot , after this newfangled round we are even more excited about what the future tense holds . ”
With exist investor Notion Capital , VentureFriends , SpeedInvest , and The Dock , and new investor Endeavor Catalyst and maritime VC TMV , the round takes total financial backing for the Greek startup to some $ 22.5 million .
