Portlogics, a South Korean digital freight forwarder, secures $1.6 million in pre-Series A funding to enhance its logistics software and expand into Southeast Asia and the U.S.

Information on the Target

Portlogics is a South Korean digital freight forwarder that specializes in providing a robotic process automation-based forwarding management system. The company aims to assist merchants in efficiently tracking international shipping logistics, offering streamlined status updates and digitizing the entire logistical process. This includes comprehensive administrative functions spanning from shippers to importers, with a focus on logistics management, customs handling, charges, and transportation booking.

Founded by Hyoung-chul Choi, a seasoned entrepreneur with a background in logistics, Portlogics arose in response to the industry's pressing need for digital modernization. Choi's previous venture, YLP, which focused on middle-mile logistics, was acquired by SKT's subsidiary T-Map Mobility, providing him with crucial insights into the inefficiencies prevalent in tracking international logistics.

Industry Overview in South Korea

The freight forwarding industry in South Korea is undergoing a significant transformation driven by advancements in technology and shifting global trade dynamics. With the ri