When was 40Seas founded?

40Seas was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is 40Seas located?

40Seas is headquartered in New York City, United States. It is registered at 7, תוצרת הארץ, תל אביב - יפו, 6789104.0.

How many employees does 40Seas have?

As of Sep 30, 2026, the latest employee count at 40Seas is 29.

Is 40Seas a funded company?

40Seas is a funded company, having raised a total of $17M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 10, 2023.

When was the latest funding round of 40Seas?

40Seas' latest funding was a $***** Seed round on Aug 02, 2023, with participation from 4 investors.

Where does 40Seas rank among its competitors?

40Seas ranks 28th amongst 217 active competitors, of which 40 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Mundi, which secured $150M in Aug, 2026.

Who are the top competitors of 40Seas?

40Seas' top competitors include HighRadius, Billtrust and Balance. Among them, Mundi secured the most recent funding round in August, 2026.

40Seas - 2026 Company Profile, Team, Funding & Competitors

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 217 active competitors, including 40 funded and 26 that have exited. Its top competitors include companies like HighRadius, Billtrust and Balance.

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

Seed, Aug 02, 2023, $*****

Investors

QED Investors & 4 more

Ranked

28^th among 217 active competitors

Employee Count

29 as on Sep 30, 2026

Similar Companies

Ebury & 452 more

View 40Seas' full profile

40Seas is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
פורטיסיז בע~מ CIN: 516549094 , Israel, Active	Jan 27, 2022	-	-	-

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	4819487	Seed	3384884	1256598	9889730	8357513
Jan 10, 2023	3540412	Conventional Debt	1357470	1823335	6443080	ZIM
Jan 10, 2023	1526926	Seed	4665872	4361196	Team8	ZIM

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View details of 40Seas's funding rounds and investors

The 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 29 employees as of Sep 26. Here is 40Seas's employee count trend over the years:

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Top competitors of 40Seas include HighRadius, Billtrust and Balance. Here is the list of Top 10 competitors of 40Seas, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	HighRadius 2006, Houston (United States), Series C	Provider of AI-powered platform for automating finance processes and improving outcomes	$484M	Susquehanna Growth Equity, Tiger Global Management ... & 10 others	71/100
2nd	Billtrust 2001, Hamilton Township (United States), Acquired	Invoice and payment management solutions for small businesses	$105M	Riverwood Capital, Goldman Sachs & 7 others	68/100
3rd	Balance 2020, San Francisco (United States), Series B	Provider of financial infrastructure for business to business trade transactions	$87M	Forerunner Ventures, Ribbit Capital & 21 others	66/100
4th	DadeSystems 2011, Miami (United States), Acquired	Account receivable payment automation solution.	$11M	Napier Park Global Capital, Wells Fargo & 3 others	65/100
5th	Mundi 2020, New York City (United States), Series A	Online marketplace for invoice factoring	$38.8M	Union Square Ventures, Haymaker Ventures ... & 18 others	63/100
6th	Biller Genie 2018, Miami (United States), Series B	Cloud-based invoicing and payment platform for businesses	$32.9M	Radian Capital, eMerge Americas & 4 others	62/100
7th	Drip Capital 2015, Palo Alto (United States), Series C	Developer of an online marketplace platform for trade financing	$108M	Accel, Wing Venture Capital & 32 others	62/100
8th	PayStand 2013, San Francisco (United States), Series C	Payment processing solutions for bitcoin, e-checks and credit cards	$85M	EPIC Ventures, NewView Capital & 23 others	62/100
9th	PortX 2016, Mercer Island (United States), Series C	Cloud-based transaction management platform for businesses	$26.6M	FUSE, Curql & 10 others	62/100
10th	RoadSync 2015, Atlanta (United States), Series B	Accounts receivable solutions for businesses	$40M	Tiger Global Management, Base10 Partners ... & 13 others	61/100
28th	40Seas 2022, New York City (United States), Seed	Provider of AI-powered platform for automating receivables, collections, and payments	$17M	QED Investors, Team8 & 3 others	47/100