uShip operates a global online shipping, transport and freight marketplace that matches shippers with service providers. Its platform supports 800,000 feedback-rated service providers and operates in 19 countries, with headquarters in Austin, Texas and Amsterdam. uShip offers enterprise freight automation technology under uShip PRO, which powers initiatives like the Drive4Schenker online trucking platform. The company plans to use its new funding to accelerate development of its logistics software platform for high-volume enterprise shippers and SMBs shipping less-than-truckload freight. uShip has strategic partnerships with large logistics firms such as DB Schenker, which co-developed Drive4Schenker under a five-year agreement and has taken an equity stake. To date uShip has raised $50M and will leverage this capital to expand automation and digitization across its marketplace and enterprise offerings. uShip operates an online marketplace that connects consumers and businesses with Transportation Service Providers for freight, household goods, and vehicle shipping. The platform lets customers compare and book upfront quotes, name their own price, or receive auction-style bids from thousands of customer-reviewed carriers and brokers. On the carrier side, uShip provides access to transport jobs and charges carriers a transaction fee only on completed jobs, plus free tools to build online reputations through its feedback system. The company is based in Austin, Texas and runs localized sites in 18 countries and regions across five continents, and is expanding marketing and development in Brazil and Latin America. uShip recently launched uShip PRO to serve B2B shippers and freight brokers, targeting the U.S. truckload freight market, and is planning further mobile and platform development. It has served 1.6 million shipping customers, has 325,000 registered carriers, and will post $100 million in gross shipping volume sales, which it expects to grow significantly.

Total raised

$43M

Funding rounds

2

Latest round

Series D

Latest activity

Feb 2017