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OpenTug, a Seattle-based startup that develops marine transportation logistics software, raised $2.2 million in a new round led by New York-based firm TMV.
Founded in 2019, OpenTug sells a marine logistics platform that helps companies optimize freight efficiency on inland and coastal waterways by streamlining booking, quoting and tracking. Customers include barge shippers and tug operators.
The company is led by CEO Jason Aristides, a former operations analyst with Curtin Maritime Corp; COO Michael Baldwin, who previously worked at Amazon Web Services; and CTO Luciano de la Iglesia, who spent time as a data scientist at Microsoft.
OpenTug is one of several logistics/supply chain startups in the Seattle area helping companies move and manage physical goods. The company has raised $5.3 million to date.
