OpenTug develops cloud-based maritime logistics software, including flagship products BargeOS and LinerOS, that provide rapid quote generation, seamless booking, real-time tracking, and comprehensive cargo and barge management. The company targets the $50B+ barge transportation market and positions its platform as digital infrastructure to shift freight onto inland and coastal waterways. OpenTug plans to use new funding to accelerate product development and deepen its focus on AI, optimization, and seamless operations across the inland and coastal shipping ecosystem. The company intends to hire engineering, product development, and customer success talent to expand its team and footprint. OpenTug emphasizes enabling operators and shippers to handle more cargo efficiently while improving service quality and visibility. Founded in 2019 and based in Seattle, the company aims to drive the digital transformation of marine logistics. OpenTug operates a SaaS maritime marketplace that automates pricing, routing, tracking, booking, and marketing for marine freight customers. The platform provides access to thousands of barges, tugs, and terminals across marine highways. Notable customers include TOTE Maritime and McDonough Marine Service. Founded in 2019 and headquartered in Seattle, the company focuses on expanding marine freight connectivity. OpenTug raised an oversubscribed $3.1 million seed round in February 2024 and plans to use the funds to develop its technology and grow its network of shippers and service providers across the U.S.

Total raised

$5M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2025