The New York Shipping Exchange (NYSHEX), a provider of a digital forward freight contract for global container shipping, completed its Series A round of funding raising $4.5m.
The company had announded the first $8.5M Series A funding close in March 2017.
Now, Hapag-Lloyd and CMA-CGM joined GE Ventures and Goldman Sachs.
The company will use the funds to grow its service offerings and pursue future funding to build a comprehensive global exchange.
Founded in 2015 and led by Gordon Downes, CEO, NYSHEX provides the global shipping industry with a standardized “over-the-counter” exchange for entering enforceable freight contracts, compliant with all U.S. regulations as well as the Federal Maritime Commission’s contract filing requirements. It is based on proven and relevant principles from the New York Stock Exchange, Chicago Mercantile Exchange, and the London Metals exchange.