Waybridge

Waybridge

Digital platform for commodity trading logistics

About Waybridge

Simplify's Rating
Why Waybridge is rated
C
Rated D- on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Food & Agriculture

Industrial & Manufacturing

Energy

Company Size

11-50

Company Stage

Acquired

Total Funding

$22.5M

Headquarters

New York City, New York

Founded

2018

Overview

Waybridge, operating as CMDTY, enhances the trading and logistics of physical commodities by using technology and data science to improve supply chain efficiency. Its platform provides digital tools for trade analysis, pricing evaluation, and real-time shipment tracking, helping clients manage contracts and logistics more effectively. CMDTY serves businesses in the raw materials sector, offering them better access to suppliers and cost savings through optimized operations. The company's goal is to unlock value for its clients by addressing inefficiencies in the commodities market.

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Simplify's Take

What believers are saying

  • Waybridge raised $30M in Series B funding to enhance platform development.
  • Partnership with Port of Panama City automates bills of lading for metals market.
  • Increased adoption of blockchain enhances supply chain transparency and efficiency.

What critics are saying

  • Emerging tech startups in commodities trading could erode Waybridge's market share.
  • Volatility in raw material prices may impact demand for Waybridge's services.
  • Cybersecurity threats could compromise Waybridge's data integrity and client trust.

What makes Waybridge unique

  • Waybridge leverages technology to optimize physical commodities trading and logistics.
  • CMDTY offers digital tools for supply chain transparency and cost savings.
  • Waybridge's platform centralizes information for trade analysis and real-time shipment tracking.

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Funding

Total Funding

$22.5M

Below

Industry Average

Funded Over

3 Rounds

Notable Investors:
Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Company News

PR Newswire
Apr 20th, 2022
Waybridge And The Port Of Panama City Team Up To Automate And Digitize Bills Of Lading For High Value Break Bulk Cargoes

The pair will bring an Amazon-like tracking experience to the North American metals market by automating the digital creation of electronic bills of lading benefitting international suppliers and domestic consumers NEW YORK, April 20, 2022 /PRNewswire/ -- Waybridge, the supply chain...

Finsmes
May 14th, 2021
Waybridge Raises $30M in Series B Funding

Waybridge, a NYC-based supply chain platform for raw materials, raised $30m in Series B funding. The round, which brought total funds raised to $40m, was co-led by Rucker Park Capital and Craft Ventures, with participation from Venrock. The company intends to use the funds to accelerate platform development to tackle challenges like trade finance, traceability, […]

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