Portless.com Announces Seed Funding from eGateway Capital

Protect your stock. Pay only for what you carry

Inventory insurance built into Portless. Activates in minutes, scales weekly with your stock value, pays out on every claim.

Bar chart comparing stock value and coverage over six weeks with recent claim paid of $1,240.

<5 min

To activate

Weekly

Billing cycle

$0

Annual lock-in

The Challenge

Their insurance protects them, not you

Weeks of underwriting

Coverage takes weeks to start. Inventory exposed from arrival.

Fixed coverage, fixed cost

Overpaying when stock is low. Under-covered during peak.

Deductibles kill small claims

Most small incidents fall below the threshold to file.

White fluffy cloud with irregular edges on a transparent background.

HOW IT WORKS

Exposed to covered in five steps

Coverage starts instantly

Activate in minutes

Pick your coverage level inside Portless. Done.

No annual lock-in

Scales with your stock

Premium adjusts weekly to match your actual inventory value.

24/7 claims support

File through Portless

Something goes wrong — you file once, we handle it.

100% recovery is yours

We manage recovery

Portless deals with the carrier. You receive full compensation.

Cancel or adjust anytime

Change anytime

Adjust coverage or cancel instantly. No fees, no lock-in.

What's covered

Everything covered, end to end

Coverage applies from the moment your inventory leaves our facility through final delivery.

Fire & explosion

Natural disasters

Theft & burglary

Equipment failure

Internal transfer damage

Emergency rescue costs

In-transit incidents

📦 Fire

📦 Explosion

📦 Theft

📦 Equipment failure

📦 Natural disasters en route

Hub-to-hub transfers

📦 Damage during transfer between Portless hubs

📦 Loss in transit between facilities

Standard exclusions

📦 Wear

📦 Tear

📦 Fraudulent damage

📦 Broker-required policies aren't covered.

📦 Loss, theft, or damage while inventory is stored at a Portless facility — coverage starts once it leaves

Why Portless Inventory Protection

Fast, flexible, cost-efficient protection

Built for actual exposure

No annual premium, no broker fees. You pay for what you actually carry.

Comparison table of traditional insurance costing $5,400 fixed yearly vs Portless pay-as-you-go with no fixed cost.

Covered in 5 minutes

No underwriting wait, no broker, no paperwork. Activate inside Portless.

Icons and text stating no paperwork, no broker, no underwriting wait, activate inside Portless in 5 mins.

Scales with your stock

Premium adjusts weekly. Rises at peak, drops when inventory dips.

Line graph showing stock prices rising to a peak at week 3 then falling with annotations Stick up and Stock Down.

Default coverage included

Every Portless merchant gets baseline coverage automatically.

Portless logo above a box labeled Inventory Protection with Included badge and shield icon.

External agency vs Portless Inventory Protection

Built for DTC, not enterprise logistics

It was designed for enterprise logistics — fixed annual premiums, multi-week underwriting, and deductibles built for large-scale incidents. Inventory Protection is built differently.

Dimension

Fee structure

Standalone Agency

Fee structure

Fee structure

Activation time

Fee structure

Weeks of underwriting

Fee structure

Under 5 minutes

Fee structure

Premium model

Fee structure

Fixed annual premium, billed upfront

Fee structure

Weekly, based on actual inventory value

Coverage flexibility

Fee structure

Fixed — doesn't flex with stock levels

Fee structure

Dynamic — scales weekly

Annual lock-in

Fee structure

Yes

Fee structure

No — cancel anytime

Broker required

Fee structure

Yes

Fee structure

No

Claims handling

Fee structure

Direct with insurer

Fee structure

Portless manages on your behalf

Cost vs. coverage fit

Fee structure

Over-insured when stock is low; under-insured at peak

Fee structure

Matches actual exposure each week

Default coverage included

Fee structure

None

Fee structure

$25,000 free for every Portless merchant

Activation time

Standalone Agency

Weeks of underwriting

Under 5 minutes

Premium model

Standalone Agency

Fixed annual premium, billed upfront

Weekly, based on actual inventory value

Coverage flexibility

Standalone Agency

Fixed — doesn't flex with stock levels

Dynamic — scales weekly

Annual lock-in

Standalone Agency

Yes

No — cancel anytime

Broker required

Standalone Agency

Yes

No

Claims handling

Standalone Agency

Direct with insurer

Portless manages on your behalf

Cost vs. coverage fit

Standalone Agency

Over-insured when stock is low; under-insured at peak

Matches actual exposure each week

Default coverage included

Standalone Agency

None

$25,000 free for every Portless merchant

Factor
External packaging vendor
Service fee
Often included as coordination or management markup
$0 — you pay materials only, at our supplier rate
MOQ
Typically 5,000–10,000+ units (new relationship, no leverage)
Lower MOQs through existing supplier relationships
Pricing
Retail or wholesale markup
Pass-through at cost
Coordination
You manage supplier, shipping, and timelines
Portless manages end-to-end
SKU setup & warehousing
Separate fees at your 3PL or warehouse
Included at no fee inside your Portless account
Logistics
Second logistics layer — separate shipment, separate tracking
Same Portless flow, no second vendor
Quote turnaround
Days to weeks (new relationship from scratch)
1 business day