Transit Tech Startup Contguard Nabs Investment From Citi, Canaan Ventures

April 1, 2018 | Contguard, an Israeli startup that provides global monitoring for goods in transit and business intelligence, announced that it raised an undisclosed sum from Palo Alto-headquartered Citi Ventures, the venture arm of Citi, and early-stage Canadian VC firm Canaan Ventures. Contguard said the new funds “will enable it to accelerate development of its technology to help the international trade industry gather insights into product shipments and to develop partnerships with banks and insurers,” Reuters reported.