New York Shipping Exchange: Funding, Investors & Team (Oct 2026)
The New York Shipping Exchange (NYSHEX) was founded in 2015 to solve the problem of poor contract fulfillment caused by misaligned incentives and disconnected execution. This results in $23 billion of economic waste that impacts all shippers, carriers and NVOCCs. NYSHEX offers shared digital infrastructure that helps to align incentives, connect execution, strengthen relationships, and reduce manual work. NYSHEX’s Proactive Performance Management (PPM) technology helps users to jointly manage allocations and plans, and to be alerted in real time when any shipment goes off plan. The NYSHEX indices make it easier for everyone to use contracts linked to an index, which removes a carrier’s incentive to curtail allocations when spot rates rise above contract rates, and a shipper’s incentive to shift volumes when spot rates drop below contract rates.
New York Shipping Exchange has raised $40.0M across 3 funding rounds on record, the most recent a Series C announced in Nov 2024.
New York Shipping Exchange Company Profile and Key Stats
Latest funding round on record: Nov 2024.
New York Shipping Exchange Funding Rounds
1 of 3 rounds was announced without a disclosed amount and is excluded from the total.
New York Shipping Exchange raised $15.0M in a Debt Financing announced in Jan 2022.
8 months later, a Series B of $25.0M was announced in Sep 2022.
2.2 years later, a Series C was announced in Nov 2024 with no disclosed amount.
New York Shipping Exchange Founders and Leadership Team
No contact details are on record for this team yet.
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New York Shipping Exchange Funding FAQs
What does New York Shipping Exchange do?
The New York Shipping Exchange (NYSHEX) was founded in 2015 to solve the problem of poor contract fulfillment caused by misaligned incentives and disconnected execution. This results in $23 billion of economic waste that impacts all shippers, carriers and NVOCCs. NYSHEX offers shared digital infrastructure that helps to align incentives, connect execution, strengthen relationships, and reduce manual work. NYSHEX’s Proactive Performance Management (PPM) technology helps users to jointly manage allocations and plans, and to be alerted in real time when any shipment goes off plan. The NYSHEX indices make it easier for everyone to use contracts linked to an index, which removes a carrier’s incentive to curtail allocations when spot rates rise above contract rates, and a shipper’s incentive to shift volumes when spot rates drop below contract rates.
How much funding has New York Shipping Exchange raised?
New York Shipping Exchange has raised $40.0M across 3 rounds on record.
When did New York Shipping Exchange last raise funding?
New York Shipping Exchange's most recent funding round on record was announced in Nov 2024. The amount was not disclosed.
Who is the CEO of New York Shipping Exchange?
Gordon Trouncer Downes is listed as CEO at New York Shipping Exchange.
Where is New York Shipping Exchange headquartered?
New York Shipping Exchange is based in New York, United States.
How many employees does New York Shipping Exchange have?
New York Shipping Exchange is in the 101-250 employee band.
About FundedIQ's New York Shipping Exchange Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for New York Shipping Exchange is left off this page rather than filled in.
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