Maritime e-procurement company ShipServ is celebrating its first birthday by revealing second-round financing aimed at breaking even next year.
ShipServ has raised $4m from existing investors who pumped $5m into the development of its TradeNet e-platform last October.
"We are confident we are now funded well into 2002 and profitability as long as we stay on target," said ShipServ chief executive Paul Ostergaard.
He
