New York-based Stere, a capacity trading platform company, has secured $5 million in its fresh round of funding.

The seed extension funding round was conducted by asset management firm Vida Capital.

Stere plans to allocate the money raised from the round towards further expanding its capacity trading platform.

In December 2021, Stere had collected $2 million in seed funding from Fin VC, Plug and Play Ventures, and others.