40Seas - About the company
40Seas is a seed company based in New York City (United States), founded in 2022 by Gil Shiff. It operates as a Provider of AI-powered platform for automating receivables, collections, and payments. 40Seas has raised $17M in funding from investors like QED Investors, Team8 and Eminence Ventures. The company has 209 active competitors, including 40 funded and 26 that have exited. Its top competitors include companies like Billtrust, HighRadius and DadeSystems.
Company Details
Provider of AI-powered platform for automating receivables, collections, and payments. The platform offers tools for invoice management and global buyer intelligence. It facilitates accounts receivable streamlining, payment term extensions, and global payment management. The platform also provides risk and credit management solutions, along with accounts payable streamlining for buyers.
- Website
- 40seas.com
- Social
- Email ID
- *****@40seas.com
- Phone Number
- +1 **********
- Registered Address
- 7, תוצרת הארץ, תל אביב - יפו, 6789104.0
Key Metrics
Founded Year
2022
Location
New York City, United States
Stage
Seed
Total Funding
$17M in 3 rounds
Latest Funding Round
Investors
Ranked
12th among 209 active competitors
Employee Count
30 as on May 31, 2026
Legal entities associated with 40Seas
40Seas is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
פורטיסיז בע~מ CIN: 516549094 , Israel, Active | Jan 27, 2022 | - | - | - |
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40Seas's funding and investors
40Seas has raised a total funding of $17M over 3 rounds. Its first funding round was on Jan 10, 2023. Its latest funding round was a Seed round on Aug 02, 2023 for $*****. 4 investors participated in its latest round. 40Seas has 5 institutional investors.
Here is the list of recent funding rounds of 40Seas:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 02, 2023 | 7116087 | Seed | 7607356 | 4575308 | 4536418 | 9017055 |
Jan 10, 2023 | 1582441 | Conventional Debt | 1733546 | 1117093 | 9816430 | |
Jan 10, 2023 | 2184398 | Seed | 7819995 | 7921224 |
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40Seas' founders and board of directors
Founder? Claim ProfileThe founders of 40Seas is Gil Shiff.
Here are the details of 40Seas' key team members:
- Gil Shiff: Co-Founder and Chief Risk Officer of 40Seas. Contact Info: 1 email address
View details of 40Seas's Founder profiles and Board Members
40Seas' employee count trend
40Seas has 30 employees as of May 26. Here is 40Seas's employee count trend over the years:
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40Seas's Competitors and alternates
Top competitors of 40Seas include Billtrust, HighRadius and DadeSystems. Here is the list of Top 10 competitors of 40Seas, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Billtrust 2001, Hamilton Township (United States), Acquired | Invoice and payment management solutions for small businesses | $105M | 69/100 | |
2nd | HighRadius 2006, Houston (United States), Series C | Provider of AI-powered platform for automating finance processes and improving outcomes | $484M | 69/100 | |
3rd | DadeSystems 2011, Miami (United States), Acquired | Account receivable payment automation solution. | $11M | 64/100 | |
4th |  Balance 2020, San Francisco (United States), Series B | Provider of financial infrastructure for business to business trade transactions | $87M | 64/100 | |
5th | PortX 2016, Mercer Island (United States), Series C | Cloud-based transaction management platform for businesses | $26.6M | 62/100 | |
6th | PayGround 2010, Gilbert (United States), Series A | Cloud-based invoice payments solutions to businesses | $29.3M | 61/100 | |
7th | PayStand 2013, San Francisco (United States), Series C | Payment processing solutions for bitcoin, e-checks and credit cards | $85M | 60/100 | |
8th |  Drip Capital 2015, Palo Alto (United States), Series C | Developer of an online marketplace platform for trade financing | $108M | 60/100 | |
9th | _1524470201855.png?devicePixelRatio=2&height=30&width=30){kind=logo} RoadSync 2015, Atlanta (United States), Series B | Accounts receivable solutions for businesses | $40M | 60/100 | |
10th | Biller Genie 2018, Miami (United States), Series B | Cloud-based invoicing and payment platform for businesses | $32.9M | 60/100 | |
12th |  40Seas 2022, New York City (United States), Seed | Provider of AI-powered platform for automating receivables, collections, and payments | $17M | 47/100 |
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40Seas's Investments and acquisitions
40Seas has made no investments or acquisitions yet.
Reports related to 40Seas
Here is the latest report on 40Seas's sector:
News related to 40Seas
Filter this listMedia has covered 40Seas for 1 event in last 1 year, It was about people movement.
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40Seas Launches Automated Trade Insurance Management Platform for SuppliersFintech Finance•Feb 10, 2025•40Seas
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40Seas Partners With Sourcing & Logistics Leaders to Simplify Importing Goods From ChinaPR Newswire•Dec 07, 2024•40Seas, Jingsourcing, Portless, NextSmartShip and 1 other
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40Seas Partners with JingSourcing to Revolutionize Global SourcingPR Newswire•Sep 20, 2024•40Seas, Jingsourcing
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B2B Payments Platform 40Seas Launches Global Accounts ReceivableCrowdfund Insider•Jun 17, 2024•40Seas
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40Seas raises $6m in Seed funding, Louden RichasonFinTech Collective•Aug 08, 2023•40Seas, Eminence Ventures, QED Investors, Team8
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Israeli Startups 40Seas and Ansā Make Small RaisesCAESARS INTERACTIVE ENTERTAINMENT (UK) LIMITED•Aug 04, 2023•40Seas, ansa, Jibe Ventures
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40Seas extends Seed round to $17 million for its cross-border digital financing solutionCTech•Aug 02, 2023•40Seas, Eminence Ventures, QED Investors, Team8 and 1 other
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