Peter Evensen invests in Ocean Freight Exchange

Ocean Freight Exchange (OFE), the rapidly developing provider of AI and predictive analytics tech to the dry bulk and tanker markets, has raised $3.3m in an oversubscribed seed round.

Investors for this round include Peter Evensen, previously president and CEO of Teekay and head of shipping at JP Morgan. Other entities to have shown support for OFE include Nextview, the cofounders of LinkedIn and Foundation Capital, an early investor in both Uber and Netflix.

OFE was founded in 2015 and currently has 25 staff with plans to double staff to scale business operations.

Speaking with Splash, John Hahn, OFE’s co-founder and CEO, said: “We’ve heard in the market repeatedly that if OFE provides the same functionality of AXS Marine, even at the same cost, that clients would use OFE due to the conflict of interest that is AXS Marine. We’ve built just that and there’s also a waiting list for our joint-venture predictive analytics with the data company ClipperData, which is being rolled out to clients.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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