Harbor Lab, an Athens, Greece-based maritime software company, has raised €14.7 million in Series A funding.
Investors
The round was led by European VC Atomico, with participation from existing investors Notion Capital, Venture Friends, SpeedInvest, and The Dock, as well as new investors Endeavor Catalyst and maritime VC TMV, who also participated.
Atomico is an international investment firm that focuses on helping disruptive technology companies scale globally. It was founded in 2006 and is based in London, United Kingdom, with offices in Paris, Berlin and Stockholm.
Harbor Lab Use of Funds
The company will use the funding to support the growth of its Athens-based team, currently 70 strong, and investment in new technologies, including artificial intelligence, to further enhance its offerings.
About Harbor Lab
Harbor Lab is a maritime technology company offering an end-to-end platform for disbursement analysis. The company's platform enables shipping companies to handle disbursements more efficiently, providing standardized and transparent solutions for managing port expenses. Its platform enables a single individual to oversee disbursements for up to 50 vessels. By leveraging real-time data and official port tariffs, Harbor Lab minimizes invoicing errors and overpayments.
Funding Details
Company: Harbor Lab S.A.
Raised: €14.7M
Round: Series A
Funding Month: May 2024
Lead Investors: Atomico
Additional Investors: Notion Capital, Venture Friends, SpeedInvest, The Dock, Endeavor Catalyst, TMV
Company Website: https://www.harborlab.com/
Software Category: Maritime
Source: https://www.eu-startups.com/2024/05/greek-maritime-software-harbor-lab-raises-e14-7-million-to-streamline-port-cost-management/