40Seas, A New Fintech Platform Designed To Modernize Cross-Border Trade Financing, Secures Funding Of $111 Million From Zim And Team8
Round Type
Funding Round
Investors
Description
40Seas, an innovative fintech platform for cross-border trade financing, has raised $111 million to deliver a much more efficient and cost-effective financing framework for SMEs involved in global commerce. The company's $11 million seed funding round, led by Team8 with participation from ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), is complemented by a $100 million credit facility for exporters and importers.
Quick answer
40Seas raised an undisclosed amount in a Funding Round round, dated January 10, 2023. Investors: Zim, ZIM Integrated Shipping Services Ltd. and Team8.
- How much did 40Seas raise?
- 40Seas raised an undisclosed amount in a Funding Round round on January 10, 2023.
- Who invested in 40Seas?
- Zim, ZIM Integrated Shipping Services Ltd. and Team8 are named as investors in this round.
- What does 40Seas do?
- 40Seas is a fintech platform for cross-border trade financing that is tailored to SMEs engaged in global commerce.
- Where is 40Seas based and how big is it?
- Fundz records about 28 employees.
- Who are the decision-makers at 40Seas?
- Fundz holds 1 contact at 40Seas. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and E Commerce around the same time
Companies in the same sectors as 40Seas that raised within 45 days of this round, from Fundz verified event records.
- Shift4 Payments raised $4M (Seed) on December 19, 2022.
- Grupago raised $3.1M (Seed) on February 22, 2023.
- DirectID raised $9.6M (Funding Round) on February 22, 2023.
- Montecito Medical Real Estate raised $50M (Funding Round) on February 21, 2023.
- Mintoak raised $20M (Funding Round) on February 21, 2023.
- BestEx Research Group raised $10M on February 21, 2023.
Who to call at 40Seas, and when
A new round usually means 40Seas is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day 40Seas raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at 40Seas, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at 40Seas. With Fundz connected, it knows.
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Fundz sees it the moment 40Seas raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
40Seas raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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