Azerbaijani startup MagicPort has raised $3 million to develop its maritime logistics platform

INMerge Ventures participated in the Pre-Seed funding round of the MagicPort startup, which raised $3 million. Alongside the fund, Sturgeon Capital, Hustle Fund, Everywhere Ventures, Transport Capital, Caucasus Ventures, Scorpa Pranedya, and other investors took part in the investment.

MagicPort is developing a platform for automation and analytics in the maritime shipping sector. The solution integrates port operations management, business process automation, and real-time operational monitoring on a single digital platform.

More than 300 organizations from over 80 countries are already using the service. The platform helps reduce manual work, decrease the number of operational errors, improve customer service quality, and make logistics process management more efficient.

At INMerge Ventures, it was noted that as the global maritime industry undergoes digitalization, MagicPort has the potential to become a comprehensive platform combining operations management, analytics, compliance tools, and financial services.

Source: INMerge Ventures