Maritime software company Voyager Portal has secured strategic funding from Singapore-based venture capital firm Motion Ventures to accelerate development of its AI-powered platform and expand its presence in key global markets.
Voyager is a software platform that helps commodity charterers, traders and brokers manage complex maritime workflows by digitizing and automating voyage operations and demurrage processes. The platform replaces email threads and spreadsheets with a single system that enables cost visibility, streamlines planning and reduces administrative burden.
The new finance package from a leading investor in supply chain innovation will support product development and regional growth. Initial focus will be on expanding engineering, sales and customer experience teams in locations such as Singapore, the UK and Brazil – critical hubs for global commodities and shipping.
“Voyager has taken a unique approach to Voyage Management and Demurrage,” said Anders Vartdal, Senior Investment Associate at Motion Ventures.
“By optimizing their platform for flexibility, collaboration, and analytics, they have not only created a powerful alternative to the industry incumbents but a strong foundation that can transform the market,” he adds.
Shifting macroeconomic, regulatory, and technological developments have made global maritime trade more complex, and the need for platforms like Voyager even more critical.
“We are finding increasingly powerful ways to help our customers leverage data from their contracts, voyage documents, and operations to identify bottom-line savings and reduce risk,” said Matthew Costello, Voyager CEO. “The current environment is making it increasingly critical for charterers to have data-driven solutions to optimize chartering, operations, and demurrage.”
Voyager is doubling down on freight and demurrage cost forecasting, prediction, and optimization – areas where the platform’s flexibility and data capabilities can provide substantial impact for bulk commodity manufacturers, traders, and brokers.
“Demurrage is one particular place where we are seeing strong growth, but this is just scratching the surface,” he said. “The funding will help us expand our engineering team and accelerate product development, aiming to fully automate the voyage and demurrage lifecycle,” said Costello.
Central to this initiative is the use of AI to extract structured data from Charter Party Contracts and voyage documents. On the Voyage Management side, the roadmap includes features related to real-time optimization of voyage planning and operations.
Besides product innovation, the company plans to grow its go-to-market efforts in strategic regions such as Singapore, the UK, and Brazil – key hubs for global commodity flows and maritime activity.
This partnership aligns Voyager’s product-led vision with Motion Ventures’ deep maritime expertise to tackle some of the industry’s most entrenched inefficiencies. By combining forces, the two aim to modernize one of the most costly and complex segments of global trade – and unlock a more efficient, transparent future for maritime logistics.
Source: Voyager
