The largest Net Market for global seafood, GoTradeSeafood, has announced it’s newest round of financing from Dexia Ventures, the venture capital arm of Dexia Bank. Dexia Bank is a leading financial institution based in Brussels, Belgium. This important round of major financing from the Belgium bank provides a gateway into Europe for GoTradeSeafood, as well as demonstrating European interest in U.S. based Internet ventures.
GoTradeSeafood’s current net market offers an open negotiation forum between seafood professionals, creating market clearing prices, and providing the necessary enabling tools online to complete the deal. It provides previously unattainable worldwide reach for seafood buyers and sellers alike. This latest round of financing will allow these strategic services to expand in depth and quality, as well as provide the necessary marketing muscle to expand the service.
“This newest round of major European financing is yet another vote for GoTradeSeafood’s leading net market status” says Avi Cohen, CFO of GoTradeSeafood. “Our financial backing by US based investors and European investors confirms our global business model. It will help us cast a better line on international markets as Dexia will provide additional market muscle to reach new customers.”
Jurgen Ingels, Investment Manager of Dexia Ventures, says ” GoTradeSeafood.com is an example of a new B2B concept where buyers and sellers have a real profit in using the system. Buyers are able to close deals at better prices and sellers have more guarantees that they will be paid in time. That’s why Dexia Ventures believes that GoTradeSeafood.com has the potential to become an important player in the worldwide seafood market.”
Launched in August 1999, GoTradeSeafood.com, GoFresh.com, and GoFrozen.com exchanges have over 1700 member companies and manage product offers of over $140 million per month from 60 countries. GoTradeSeafood’s trading format gives seafood industry participants a tool to acquire or sell inventory with users maintaining complete control of their inventory, pricing decisions, and strategy. For more information, please visit www.gotradeseafood.com.
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About Dexia Bank
Dexia Bank is the Belgian pole of the Dexia Group, created in 1996 in view of the introduction of the Euro. Dexia is unifying its structure to form the first banking group with a truly European identity. The Group’s ratings are among some of the highest awarded to listed banks worldwide. Active in 12 European countries and listed on the Brussels, Paris and Luxembourg stock exchanges, Dexia is included in major stock market indexes (BEL 20 and CAC 40). With a market share of more than 15 % in Europe, Dexia is the leader in public and project finance. Through its network, which counts a thousand branches in Belgium and Luxembourg, Dexia has a solid competitive position in retail banking in one of Europe’s leading economic regions. Because of its preeminent role in the Luxembourg financial market, Dexia is one of the major players in private banking, asset management and investment funds administration. For more information, please visit www.dexia.com