CommTrade logo — Enhancing efficiency and control in the polymer trading indu...

CommTrade

Enhancing efficiency and control in the polymer trading industry, saving valuable time and money for raw material traders.

Founded 2018 Pre Seed Total: $130.00K Automation, B2B +6

General Information

Company Name CommTrade
Founded Year 2018
Industries Automation, B2B, Blockchain +5
Funding Stage Pre Seed
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About CommTrade

CommTrade is a B2B software solution targeting the polymer trading industry, aiming to streamline operational tasks and boost productivity for raw material traders. The platform addresses the industry-wide issue of disorganized deals and shipment processes, offering automation, tracking, and organization of workflows between contractors. This solution leads to a 37% reduction in work time per deal, a 17% increase in annual revenue, and saves over $1,000 per deal. Additionally, it offers potential monthly savings of over $50,000 per company. The service, available at a monthly subscription fee of $1,000 for the basic product, specifically caters to the polymer trading market and targets small and medium plastic distributors. After participating in a New York acceleration program, CommTrade is concluding a pilot with a plastic trader and plans to onboard customers from their ready pipeline in the coming months. The startup aims to raise $100,000 to complete 8 additional pilots in their target market and achieve over $80,000 in annual revenue. The team comprises individuals with expertise in commodity trading, IT management, and startup experience, and their advisory board includes seasoned commodity experts from Europe, the US, and global markets. With their sights set on creating a fully automated raw materials trading ecosystem, CommTrade secured a $130.00K Pre Seed Round investment from Starta Accelerator and Starta VC on 08 February 2019. Founded in 2018, the startup is focused on the industries of automation, B2B, blockchain, enterprise software, SaaS, supply chain, CRM, and sales.

Taxonomy: B2B software, Polymer trading industry, Raw material traders, Business operations, Market expertise, Plastic industry, ERP systems, Subscription model, Startup, Investment, Advisory board, Pilot program, Ecosystem

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round •••••• 2
Investor Investor
08 Feb 2019

FAQ About CommTrade

Enhancing efficiency and control in the polymer trading industry, saving valuable time and money for raw material traders.
CommTrade was founded in 2018.
CommTrade operates in the following industries: Automation, B2B, Blockchain, Enterprise, Enterprise Software, SaaS, Supply Chain, CRM and Sales.
CommTrade has completed 1 funding round, raising a total of $130.00K. The latest funding stage is Pre Seed.

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