OpenTug reports that it has raised $2.2 million in new investment led by venture firm TMV, bringing its total funding to $5.3 million.
The company develops maritime logistics software, including BargeOS and LinerOS, which provide automation, real-time visibility, and operational coordination for the barge transportation sector.
OpenTug says the new funding will support product development, AI-driven optimisation, and hiring across engineering, product, and customer success teams.
“We believe the future of freight is on the water,” said Jason Aristides, co-founder and CEO of OpenTug.
“With TMV’s support and deep domain expertise, we’ll accelerate the digital transformation of marine logistics – from big coastal ports to the smallest inland terminals. OpenTug is determined to maximise every nook and cranny of (the US) marine highway system for freight movement.”
TMV, an early-stage venture firm with $200 million in assets under management, has backed multiple startups in the maritime and logistics sectors.
“OpenTug is transforming an industry that’s long overdue for digitisation,” said Marina Hadjipateras, co-founder and general partner at TMV.
“By bringing modern technology to this critical sector, they’re helping operators and shippers move goods more efficiently and sustainably. We’re delighted to join them on their journey.”
