The startup develops transaction management software that facilitates real-time market interface connections and global market access. Its platform reduces transaction times and enhances data capture efficiency, enabling companies to establish private networks within industry-specific marketplaces.
Funding
$10.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Commodity companies often struggle with inefficient and fragmented workflows for managing transactions and cargo, leading to increased risk, errors, and lost value. Existing systems lack the real-time data visibility and connectivity needed to optimize sales, procurement, and operational processes across the organization and with external counterparties.
Solution
GLX Digital provides enterprise solutions for commodity transaction and cargo management, connecting teams across organizations on a single, intuitive platform. GLX CARGO is a cargo management solution designed for energy companies, providing real-time data and empowering operations teams to manage all aspects of cargo delivery. GLX CONNECT is a tender and auction solution that connects enterprises directly with their counterparties, providing tools to capture and analyze data for increased efficiency and compliance. These digital workflow tools enable end-to-end management of commodity sales and operational processes, from marketing and trading to shipping and operations, resulting in time savings, increased profits, and reduced risk exposure.
Target Audience
The primary target audience includes commodity companies, particularly those in the energy, metals, and battery minerals sectors, seeking to digitally transform their sales, procurement, and cargo management processes.
Features
- GLX CARGO:
- Cargo Management: Capture cargo details and link them to parent contracts.
- Interactive Dashboard: Access portfolio performance and cargo status charts.
- Counterparty Details: Capture and link counterparty details to contracts.
- Contract Details: Capture key contract details and link them to cargoes.
- Ports and Vessel Details: Capture key details of ports and vessels and link them to cargoes.
- Task Management: Manage cargo delivery processes.
- GLX CONNECT:
- Flexible Deal Types: Choose from digital tender or auction.
- Digital Deal Templates: Build and save term sheets and deal sheets.
- Real-time Activity Timelines: Track discussions and negotiations.
- Counterparty Management: Create and manage a counterparty list.
- Mobile Ready: Manage sales and procurement from any device.
- Live counterparty messaging