Boxhub Secures $12.4M Series A to Modernize Global Shipping Container Trade
Boxhub's Leadership Team
(L-R) Bryan McEire, CTO; Maximilian Birner, Co-Founder & CEO; Tarun Somani, COO
TORONTO & NEW YORK, June 28, 2023 (Newswire.com) - Boxhub, the largest online marketplace for shipping containers in the United States, has successfully raised a $12.4 million Series A on its mission to revolutionize how shipping containers are traded and used worldwide. The funds will fuel Boxhub's international expansion and industry-shaping product development.
The investment round was led by early-stage venture fund AlleyCorp, with participation from Solasta Ventures, Interplay VC, FJ Labs, and Hum Capital. Boxhub has welcomed AlleyCorp Partner Susannah Shipton to its Board of Directors.
"The global shipping industry relies on antiquated systems ripe for technological advancement. The heavily manual processes underpinning shipping container trade are no exception," said Boxhub co-founder and CEO Maximilian Birner. "Boxhub is already the largest online container marketplace in the U.S., and we're thrilled to partner with top-tier venture capital firms to continue our exciting period of hyper-growth."
Boxhub was founded in 2017 as a digital platform for B2C and B2B shipping container transactions, radically modernizing an industry reliant on ledgers, emails, spreadsheets, and phone calls to transact. The company uses automation and a localized logistics network to introduce shipping containers retired from international trade to a booming secondary market. This approach streamlines a complex, multi-stakeholder fulfillment system and eliminates the need for shipping lines and leasing companies to undertake "empty repositioning," a process estimated to cost the shipping industry $20 billion annually.
"Boxhub is one of those special marketplaces with myriad different categories of buyers and sellers, all of whom were deeply underserved by the incumbent and outdated process of doing business in the global container trade," said Susannah Shipton, Partner at AlleyCorp. "Boxhub's transparent, efficient marketplace not only transforms the dynamics of the existing market, but also substantially broadens access to container supply, for which there is serious and growing demand."
Despite the challenges posed by COVID-19 and global container shortages, Boxhub has experienced exponential growth over the last few years. The company has established a diverse portfolio of enterprise container buyers ranging from retailers and construction firms with portable storage needs to non-profits creating children's libraries and emergency healthcare clinics.
Beyond large-scale businesses, Boxhub has become fiercely popular with consumers undertaking container-based upcycling initiatives such as tiny houses, vertical farms, home offices, workshops, and swimming pools. The company maintains a 4.7/5-star ("Excellent") average Trustpilot rating.
In 2022, Boxhub raised a $2.4 million seed round led by Delivery Hero founder and CEO Niklas Östberg, with participation from Unity Technologies founder David Helgason; Uber founding engineer Conrad Whelan; and Innoport, the VC arm of maritime leader Schulte Group, among others.
About Boxhub
Boxhub is an e-commerce and logistics platform enabling the frictionless purchase, sale, and delivery of shipping containers. Founded in 2017, the online marketplace has become a trusted partner for thousands of container buyers across the United States. By extending the life of containers and reducing the need for empty repositioning, Boxhub aims to build a more sustainable world — one container at a time. For more information, visit boxhub.com.
Contact Information:Hannah Swinkin
[email protected]
+1 929 265 4744
Alexandria Plew
[email protected]
Original Source: Boxhub Secures $12.4M Series A to Modernize Global Shipping Container Trade
Wrapmate Launches Interactive Tesla Cybertruck Wraps Configurator
Cybertruck wrap configurator by Wrapmate
Wrapmate's interactive Cybertruck wrap configurator and e-commerce-like experience allow customers to unlock new opportunities to design and purchase vehicle graphics from the comfort of their homes, just like they bought their Cybertruck.
DENVER, June 28, 2023 (Newswire.com) - After Tesla CEO, Elon Musk, said: "Cybertruck can have any color you want, so long as it's nothing," that Henry Ford-like statement led Wrapmate to create a solution to allow customers to personalize and stand out from having a "nothing" colored Cybertruck.
Wrapmate's interactive Cybertruck wrap configurator and e-commerce-like experience allow customers to unlock new opportunities to design and purchase vehicle graphics from the comfort of their homes, just like they bought their Cybertruck.
"We are extremely excited to launch our Tesla Cybertruck wrap configurator to help consumers visualize their wrap," says Javier Lozano, Jr., Chief Marketing Officer of Wrapmate. "Wrapmate is the first and only national vehicle graphics company that offers customers the ability to place a no-risk, fully refundable, Initial Project Deposit. This gives them a highly personalized Cybertruck wrap created and designed by our world-class, in-house design team."
Customers will be able to showcase their new Cybertruck utilizing best-in-class 3M vinyl material. 3M™ Wrap Film offers nearly 100 colors, textures, and finishes. Plus, individuals can add more personalization to their Cybertruck with a one-of-a-kind designed wrap. Whether it's to promote a business brand or simply make their plain, blank Cybertruck standout - a professionally designed wrap will garner immense attention.
To try Wrapmate's interactive Cybertruck wraps configurator visit https://cybertruck.wrapmate.com. Tesla Cybertruck wraps by Wrapmate will be available for purchase by mid-summer of 2023.
About Wrapmate
Wrapmate is a technology-driven managed marketplace that is reimagining the buy-and-sell experience in the vehicle graphics industry. With innovative customer interaction and a network of 2,000+ local installation service providers, Wrapmate efficiently serves business owners, fleet managers, franchises, and consumers coast-to-coast. Learn more about Wrapmate's vehicle wraps solutions at https://wrapmate.com.
Javier Lozano, Jr.
CMO
[email protected]
303-529-9626
Original Source: Wrapmate Launches Interactive Tesla Cybertruck Wraps Configurator
Entara Listed in Annual MSP 501 Rankings Identifying the Industry’s Best-in-Class Service Providers
CHICAGO, June 28, 2023 (Newswire.com) - Entara, a security-first eXtended Service Provider (XSP), has been named as one of the world's premier managed service providers in the 2023 Channel Futures MSP 501 rankings. Entara is listed in the top 50, making a jump from its spot in 2022 in the top 200. This increase is a testament to Entara's commitment to evolution, which is one of the business' core values.
MSP 501 rankings identify the industry's top-performing providers of managed services. For the past 17 years, service providers from around the globe have submitted applications to be included on this definitive listing. The Channel Futures MSP 501 survey examines organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth opportunities, innovation, technology solutions supported, and company and customer demographics.
Organizations that qualify for the list must pass a rigorous review conducted by the research team and editors of Channel Futures. The review process ranks applicants using a methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue, and operational efficiency.
"We are excited to be in the top 50 of the MSP 501 list," said Entara CEO and President Pamela Diaz. "We work hard to continue to evolve our service offerings as an eXtended Service Provider and uphold our commitment to providing best-in-class service to our clients. This year, we have continued to focus on providing proactive security services, including with the release of our IR retainer. We are proud to be listed alongside other leaders in our industry and will continue to reinvent what it means to be a holistic solution provider."
This year's list once again attracted a record number of applicants, making it one of the most competitive in the survey's history.
"Companies included on this list represent innovative and influential market leaders providing managed services to today's most demanding customers around the world," Channel Futures reported on their website. "These organizations stood out among an astounding number of applicants who pride themselves on their technical talent, growth-oriented business models, and strategic partnerships with industry-leading vendors and tech suppliers."
With many organizations shifting to remote work, cybersecurity and IT solution providers have become an even more vital part of the success of businesses worldwide. Channel Partner's MSP 501 list is a vital resource for organizations seeking technology partners that support their business goals.
Click here to view the list.
About Entara
Entara sets the standard as the world's first eXtended Service Provider (XSP) and delivers exceptional, security-first IT solutions for their clients, including IT managed services, security integration, and incident response services. Founded in 2001, the organization has evolved to provide the strategic vision, platforms, processes, and people to travel with their clients on the path to their best IT future. For more information, please visit https://www.entaracorp.com/.
Contact Information:Claire Sullivan
Director of Marketing & Internal Sales
[email protected]
Original Source: Entara Listed in Annual MSP 501 Rankings Identifying the Industry's Best-in-Class Service Providers
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