When was OpenTug founded?

OpenTug was founded in 2019 and raised its 1st funding round 4 years after it was founded.

Where is OpenTug located?

OpenTug is headquartered in Seattle, United States.

How many employees does OpenTug have?

As of Aug 31, 2026, the latest employee count at OpenTug is 23.

Is OpenTug a funded company?

OpenTug is a funded company, having raised a total of $5.3M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2023.

How much is OpenTug worth?

The latest valuation of OpenTug is $***** as of Jan 17, 2025. This marks a decline of 1% from its peak valuation of $10.1M in Jan, 1970. This marks a decline of 1% from its peak valuation of $10.1M in Jan, 1970.

When was the latest funding round of OpenTug?

OpenTug's latest funding was a $***** Seed round on Mar 31, 2025, with participation from 1 investor. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $3.84B in funding in 2026 to date.

Where does OpenTug rank among its competitors?

OpenTug ranks 10th amongst 499 active competitors, of which 27 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was OpenTug, which secured $2.2M in Mar, 2025.

Who are the top competitors of OpenTug?

OpenTug's top competitors include OOCL, Elcome and Pole Star. Among them, OpenTug secured the most recent funding round in March, 2025.

OpenTug - 2026 Company Profile, Team, Funding & Competitors

OpenTug is a seed company based in Seattle (United States), founded in 2019 by Jason Aristides and Michael Baldwin. It operates as an A cloud-based maritime workflow management and cargo shipment services. OpenTug has raised $5.3M in funding from investors like SeaChange, TMV and Entrada Ventures, with a current valuation of $*****. The company has 499 active competitors, including 27 funded and 36 that have exited. Its top competitors include companies like OOCL, Elcome and Pole Star.

Company Details

A cloud-based maritime workflow management and cargo shipment services. It offers offers solutions such as streamlining sales platforms, quoting complex jobs quickly with QuoteAI, tracking vessel locations, providing active reporting, analyzing data, and offering barge capacity for various cargo needs. It connects shippers to barges, terminals, and ports, to integrate marine transportation into supply chains. It is described as digital booking platform connecting shippers, barge operators, and terminals.

Website: opentug.com
Social
Email ID: *****@opentug.com
Phone Number: +1 **********

Key Metrics

Founded Year

2019

Location

Seattle, United States

Stage

Seed

Total Funding

$5.3M in 3 rounds

Latest Funding Round

Seed, Mar 31, 2025, $*****

Post Money Valuation

$***** as on Jan 17, 2025

Investors

SeaChange & 4 more

Ranked

10^th among 499 active competitors

Employee Count

23 as on Aug 31, 2026

Similar Companies

Pole Star & 329 more

View OpenTug's full profile

OpenTug has raised a total funding of $5.3M over 3 rounds. Its first funding round was on 2023. Its latest funding round was a Seed round on Mar 31, 2025 for $*****. 1 investor participated in its latest round. OpenTug has 5 institutional investors.

Here is the list of recent funding rounds of OpenTug:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 31, 2025	1481293	Seed	8717858	5081164	8764485	6606487
Feb 22, 2024	4906036	Seed	4651584	3521255	7157301	Springtime Ventures & 1 more
2023	4624	Seed	5061	2781	SeaChange	7142

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View details of OpenTug's funding rounds and investors

The founders of OpenTug are Jason Aristides and Michael Baldwin. Jason Aristides is the CEO of OpenTug.

Here are the details of OpenTug's key team members:

Jason Aristides: Co-Founder & CEO of OpenTug.
Contact Info: 1 email address
Michael Baldwin: COO, Co-Founder of OpenTug.
Contact Info: 1 email address

View details of OpenTug's Founder profiles and Board Members

OpenTug's employee count trend

OpenTug has 23 employees as of Aug 26. Here is OpenTug's employee count trend over the years:

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Top competitors of OpenTug include OOCL, Elcome and Pole Star. Here is the list of Top 10 competitors of OpenTug, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	OOCL 1947, Wan Chai (China), Acquired	Online platform for booking ocean cargo services	-	-	65/100
2nd	Elcome 1978, Mumbai (India), Acquired	Provider of maritime defense technology and integrated systems	-	SINE	61/100
3rd	Pole Star 1998, London (United Kingdom), Funding Raised	Developer of monitoring and security systems for maritime vessels	-	Wavecrest Growth Partners, BPEA & 4 others	59/100
4th	Navis 1988, Oakland (United States), Acquired	Provider of cloud-based shipping and port management solutions	-	GCT New York, Summit Partners & 2 others	59/100
5th	Signal Group 2014, Athens (Greece), Unfunded	Provider of maritime management, shipping intelligence, and venture investment services	-	-	59/100
6th	Bearing.ai 2018, Palo Alto (United States), Series A	Provider of AI-powered platform for optimizing maritime shipping operations	$7M	Mitsui, AI Fund & 1 others	57/100
7th	MariApps 2014, Singapore (Singapore), Unfunded	Provider of maritime digital solutions for vessel operations and performance	-	-	57/100
8th	SeaVantage 2018, Seoul (South Korea), Series A	Provider of maritime data platform	$3.47M	We Ventures, HD HYUNDAI Marine Solution & 5 others	56/100
9th	Helm Operations 1999, Victoria (Canada), Acquired	Provide ship management software	-	-	53/100
10th	OpenTug 2019, Seattle (United States), Seed	A cloud-based maritime workflow management and cargo shipment services	$5.3M	Entrada Ventures, Springtime Ventures & 3 others	53/100