[Funding News] Portex Raises $6.25 Million in Seed Funding Round

CA-based Portex has raised $6.25 million in seed funding round, led by Footwork Ventures, with additional support from Cowboy Ventures, Susa Ventures, and Base 10, along with seasoned operators in shipping and supply chain logistics.

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In the future, Portex plans to introduce a number of extremely useful AI-powered tools to further automate and strategically enhance freight management. Because of its sophisticated backend and organized data, Portex is the perfect platform for leveraging AI to create benchmarking, analytics, and pricing recommendations more quickly and intelligently. In the upcoming months, Portex will also include more crucial features like payments and invoice reconciliation.

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“Our platform will enable small- to -mid-sized companies globally to experience the same efficiencies and cost savings as large companies for the first time,” said founder and chief executive officer Brittany Ennix. “The shipping industry isn’t broken; it’s been highly effective for centuries. That’s why Portex is designed to make the way shippers already work more streamlined, informed, and efficient – not to manufacture workflows that don’t make sense.”

In less than 10 minutes, you can start managing your existing freight relationships more efficiently. You’ll save time, be more organized, and be equipped with the freight data needed to make more strategic decisions for the business.

“Brittany has a superpower for listening to and building for the needs of her customers. Her deep customer focus shines through in the impressive customer traction and love that Portex has already won across its earliest users. Shippers use Portex obsessively and continue to bring their existing broker and forwarder partners onto the platform, creating a powerful network effect,” said Mike Smith, co-founder & general partner at Footwork.

“While small- to mid-sized companies might be an overlooked market, they’re an incredibly large one, making up more than half of the $4 trillion global freight market. Portex’s stickiness and tangible customer value underscore Brittany’s deep market knowledge to create the next generation of tooling for this vast segment. Her strong experience at the intersection of technology, logistics, and sales has positioned her to build an impactful product from day one,” said Jillian Williams, partner at Cowboy Ventures.

About Portex

Founded by Brittany Ennix, Portex is an easy-to-use freight procurement and management software that helps shippers organize and save time on all logistics-related workflows across their existing carriers in one place.

Shippers of all sizes can centralize FTL, LTL, or international spot quotes and bids into one view, communicate across all their existing brokers/carriers via automated workflows and instant chat, view live shipment status, track carrier performance, and review pricing trends via auto-generated reports. By using Portex shippers have eliminated hundreds of emails and often 20+ hours of weekly manual tasks.