In the world of supply chains, innovative startups are making waves and transforming the industry. From logistics and freight forwarding to warehouse management and fulfillment, these companies are using technology to optimize processes and provide more efficient and effective solutions. In this article, we will explore some of the most interesting startups in the field of the supply chain, including information on their funding, location, and entrepreneurs. We'll also take a look at the increasing investments in the logistics world and what it means for the industry as a whole.
- Flexport - Founded in San Francisco in 2013, Flexport is a freight forwarding and customs brokerage company that has raised over $1.3 billion in funding. The company's CEO is Ryan Petersen, a former consultant for Bain & Company. Website: https://www.flexport.com/
- ShipBob - Based in Chicago and founded in 2014, ShipBob is a fulfillment and logistics company that has raised $330 million in funding. The company was founded by two entrepreneurs, Dhruv Saxena and Divey Gulati. Website: https://www.shipbob.com/
- FLEXE - Seattle-based FLEXE is a marketplace for warehouse space and services that has raised $70 million in funding. The company's co-founders are Karl Siebrecht and Edmond Yue. Website: https://www.flexe.com/
- FourKites - Founded in 2014 and based in Chicago, FourKites is a supply chain visibility and logistics platform that has raised $241.5 million in funding. The company's CEO is Mathew Elenjickal. Website: https://www.fourkites.com/
- Loadsmart - Loadsmart is a New York-based digital freight brokerage that has raised $127.5 million in funding. The company was founded by two entrepreneurs, Ricardo Salgado and Felipe Capella. Website: https://loadsmart.com/
- Turvo - California-based Turvo is a collaborative logistics platform that has raised $94 million in funding. The company's co-founders are Eric Gilmore and Jeff Dangelo. Website: https://turvo.com/
- Convoy - Seattle-based Convoy is a digital freight network that has raised $668 million in funding. The company's CEO is Dan Lewis. Website: https://convoy.com/
- Locus Robotics - Massachusetts-based Locus Robotics develops autonomous robots for use in e-commerce fulfillment warehouses. The company has raised $105 million in funding. The company's CEO is Rick Faulk. Website: https://www.locusrobotics.com/
- ShipMonk - Florida-based ShipMonk is an e-commerce fulfillment and logistics company that has raised $65 million in funding. The company was founded by Jan Bednar. Website: https://www.shipmonk.com/
- Bringg - Bringg is a delivery logistics platform that has raised $84 million in funding. The company was founded by Lior Sion and Raanan Cohen in Israel in 2013. Website: https://www.bringg.com/
Total investments in the logistics world have been increasing significantly in recent years. According to Pitchbook, logistics, and supply chain startups raised $14.4 billion in funding in 2020, up from $8.5 billion in 2019. This increase in investment is a testament to the growing importance of logistics and supply chain optimization in today's business landscape.
