2 years ago

eTEU Secures Six-Figure Pre-Seed Funding for Shipping Document Digitization

  • eTEU, a London-based startup specializing in shipping document digitization, has secured six-figure Pre-Seed funding led by Jenson Funding Partners

  • The funding will be used to launch the commercial product of its electronic Bill of Lading (eBL) and expand services to shipping and freight forwarding companies

  • eTEU connects members of the international supply chain to a single blockchain-based platform, streamlining documentation processes and automating repetitive tasks

  • The company is backed by the UK Government Research & Innovation Council, Techstars, and Jenson Funding Partners.

      • ProblemTechnology

      "Organising international shipments involves a lot of paperwork, leading to inefficiencies and delays. Existing processes are bureaucratic and repetitive, and often rely on outdated paper-based documentation like the Bill of Lading."

      Solution

      "eTEU is building a blockchain-based platform that connects members of the international supply chain. They offer a digital version of the Bill of Lading, automating and streamlining documentation processes. This eliminates the need for paper documents and improves efficiency for shipping and freight forwarding companies."

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