NYSHEX Announces First Close of Series C Funding Round Led by Collate Capital, Collaborating with ICE to Launch New Freight Rate Indices
Intercontinental Exchange Inc. (ICE)
Last intercontinental exchange inc. earnings: 4/30 07:30 am
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The New York Shipping Exchange (NYSHEX), a leader in digital contracting and performance management for the container shipping industry, is excited to announce the first closing of its Series C funding round, led by Collate Capital. The round attracted significant participation from all major existing investors, including Growth Equity at Goldman Sachs Alternatives, NewRoad Capital, and Blumberg Capital. Intercontinental Exchange (NYSE:ICE), one of the world’s leading exchange operators, also participated in the round, solidifying a strategic collaboration with NYSHEX aimed at introducing freight rate indices for the shipping industry.As part of the collaboration, NYSHEX will launch a series of freight rate indices in 2025, with ICE serving as the calculation agent for these indices. ICE’s expertise in global markets will further enhance the credibility and reliability of the NYSHEX indices.Gordon Downes, CEO and co-founder of NYSHEX, expressed his enthu
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