Tech Company Financing Transactions
OpenTug Funding Round
OpenTug closed a $2.2 million investment round on 3/31/2025. Backers included TMV.
Transaction Overview
Company Name
Announced On
3/31/2025
Transaction Type
Venture Equity
Amount
$2,200,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate product development and extend its focus on AI, optimization, and operations across the inland and coastal shipping ecosystem.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1920 Blenheim Drive East
Seattle, WA 98112
USA
Seattle, WA 98112
USA
Phone
Website
Email Address
Overview
At OpenTug, we are driven by the belief that marine transportation doesn't have to be complicated. Our mission is to streamline the industry and make it accessible to everyone who relies on it. From day one, our purpose has been clear--to develop solutions that empower shippers and operators to navigate their operations more efficiently, working smarter, not harder.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jason Aristides
Co-Founder
Mike Baldwin
Co-Founder
Luciano de la Iglesia
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Our team works diligently to document all VC transactions involving tech companies. All VC database entries reported here are derived from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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