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The Founder's Handbook

Top 31 Freight Service Startups in 2024

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Think Freight Service is boring and everything’s been done before?

Think again.

If you’re in the Freight Service industry or are interested in starting a company in this space, this article dives into 31 of the hottest fast-growing Freight Service startups.


31 Freight Service Startups

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1) Flash Express

Flash Express

Flash Express is a logistics and transportation firm that provides door-to-door pickup and delivery.

Details of the startup:

  • Country: Thailand
  • State: Krung Thep
  • City: Bangkok
  • Started in: 2017
  • Founders: Di Weijie, Komsan Lee
  • Number of employees: 10001+
  • Funding: $350,000,000
  • Funding rounds: 3
  • Number of investors: 10 (Buer Capital, Gaorong Capital, SCB 10X, PTT Oil and Retail Business Public Company, Krungsri Finnovate)

You can find their website here.

2) Forto

Forto

Forto is an online freight forwarding platform.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2016
  • Founders: Erik Muttersbach, Fabian Heilemann, Ferry Heilemann, Michael Wax
  • Number of employees: 501-1000
  • Funding: $103,000,000
  • Funding rounds: 4
  • Number of investors: 13 (Global Founders Capital, Northzone, La Famiglia, Cavalry Ventures, Iris Capital)

You can find their website here.

3) J&T Express

J&T Express

J&T Express is an e-commerce freight service provider that helps e-commerce businesses develop.

Details of the startup:

  • Country: Indonesia
  • State: Jakarta Raya
  • City: Jakarta
  • Started in: 2015
  • Founders: Jet Lee, Tony Chen
  • Number of employees: 1001-5000
  • Funding: $2,200,000,000
  • Funding rounds: 3
  • Number of investors: 3 (Sequoia Capital China, Boyu Capital, Hillhouse Capital Group)

You can find their website here.

4) sennder

sennder

Sennder is a digital freight forwarder that connects large commercial shippers with small freight operators.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2015
  • Founders: David Nothacker, Julius Koehler, Nicolaus Schefenacker
  • Number of employees: 501-1000
  • Funding: $340,000,000
  • Funding rounds: 8
  • Number of investors: 17 (Accel, Earlybird Venture Capital, Project A Ventures, HV Capital, Lakestar)

You can find their website here.

5) OnTruck

OnTruck

OnTruck provides regional merchandise transportation services to businesses using a real-time, transparent pricing system.

Details of the startup:

  • Country: Spain
  • State: Madrid
  • City: Madrid
  • Started in: 2016
  • Founders: Antonio Lu, Gonzalo Parejo Navajas, Inigo Juantegui, Javier Escribano, Rika Christanto, Samuel Fuentes
  • Number of employees: 101-250
  • Funding: $60,533,977
  • Funding rounds: 5
  • Number of investors: 14 (Eurazeo, LocalGlobe, Cathay Innovation, Endeavor Catalyst, Idinvest Partners)

You can find their website here.

6) cargo.one

cargo.one

cargo.one is a digital platform that allows freight forwarders to find, compare, and book airline freight capacity.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2017
  • Founders: Mike Rötgers, Moritz Claussen, Oliver Neumann
  • Number of employees: 101-250
  • Funding: $63,800,000
  • Funding rounds: 3
  • Number of investors: 8 (Index Ventures, Bessemer Venture Partners, Creandum, Point Nine, Next47)

You can find their website here.

7) Shippeo

Shippeo

Shippeo is a supply chain visibility technology that gives shippers real-time access to delivery forecasting data.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2014
  • Founders: Brice Hua, David Barre, Frederic Jouenne, Jean-Bastien Dussart, Jerome Burtin, Lucien Besse, Pierre Khoury, Thibaut Morlot
  • Number of employees: 101-250
  • Funding: $67,891,575
  • Funding rounds: 6
  • Number of investors: 11 (Battery Ventures, Bpifrance, Partech, NGP Capital, ETF Partners)

You can find their website here.

8) CargoX

CargoX

CargoX is a digital freight broker that offers innovative and effective solutions to shipping enterprises.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2013
  • Founders: Dmytro Kromakov, Federico Vega, Liana Mayumi Ohno Suzaki
  • Number of employees: 501-1000
  • Funding: $190,074,076
  • Funding rounds: 8
  • Number of investors: 15 (Goldman Sachs, Qualcomm Ventures, Valor Capital Group, Blackstone Group, Soros Fund Management)

You can find their website here.

9) Kargo Technologies

Kargo Technologies

Kargo Technologies connects shippers and drivers with a full-stack logistics platform.

Details of the startup:

  • Country: Indonesia
  • State: Jakarta Raya
  • City: Jakarta
  • Started in: 2018
  • Founders: Tiger Fang, Yodi Aditya
  • Number of employees: 101-250
  • Funding: $38,600,000
  • Funding rounds: 3
  • Number of investors: 17 (Sequoia Capital India, ZhenFund, InnoVen Capital, January Capital, AC Ventures)

You can find their website here.

10) Liftit

Liftit

Liftit is Latin America's premier technology platform for automating and executing last-mile truck deliveries.

Details of the startup:

  • Country: Colombia
  • State: Distrito Especial
  • City: Bogotá
  • Started in: 2017
  • Founders: Angel Celis Botto, Brian York, Felipe Betancourt Celis
  • Number of employees: 251-500
  • Funding: $39,000,000
  • Funding rounds: 3
  • Number of investors: 27 (Monashees, Western Technology Investment, Jaguar Ventures, NXTP Ventures, Mercado Libre Fund)

You can find their website here.

11) TruKKer

TruKKer

TruKKer is a technology-enabled truck aggregator in the Arab Peninsula that operates a variety of vehicle types for a variety of end markets.

Details of the startup:

  • Country: United Arab Emirates
  • State: Abu Dhabi
  • City: Abu Dhabi
  • Started in: 2015
  • Founders: Amit Agarwal, Gaurav Biswas, Haseebullah Soomro, Pradeep M Pradeep, Pradeep Mallavarapu, Rajai Nammari, Wissam Al Akl
  • Number of employees: 101-250
  • Funding: $44,350,000
  • Funding rounds: 7
  • Number of investors: 15 (500 Startups, International Finance Corporation, Endeavor Catalyst, Shorooq Partners, Raed Ventures)

You can find their website here.

12) InstaFreight

InstaFreight

InstaFreight is an online B2B freight forwarding company that enables freight transportation to be processed quickly and easily.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2016
  • Founders: Markus Doetsch, Maximilian Schaefer, Philipp Ortwein
  • Number of employees: 101-250
  • Funding: € 31,000,000
  • Funding rounds: 4
  • Number of investors: 3 (Rocket Internet, Shell Ventures, Kaltroco LTD)

You can find their website here.

13) Flash

Flash

Flash is a leading European logistics company at your disposal.

Details of the startup:

  • Country: Luxembourg
  • State: Luxembourg
  • City: Luxembourg
  • Started in: 1981
  • Funding: € 32,000,000
  • Funding rounds: 2
  • Number of investors: 3 (Eurazeo, Siparex Groupe, LBO France)

You can find their website here.

14) GoComet

GoComet

GoComet is the world's premier LRM platform, assisting businesses in achieving process resilience and cost savings in the double digits.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2016
  • Founders: Ayush Lodhi, Chitransh Sahai, Gautam Prem Jain, Mehul Katiyar
  • Number of employees: 51-100
  • Funding: $2,500,000
  • Funding rounds: 2
  • Number of investors: 6 (SGInnovate, India Quotient, Alok Mittal, Leo Capital India, August One)

You can find their website here.

15) Pickme

Pickme

Pickme works its magic by transforming neighbors into local and social pickup points, resulting in a seamless, efficient, and long-lasting post-purchase experience.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2019
  • Founders: Florian Dufour-Rives, Jessie Toulcanon, Samuel Rousseau
  • Number of employees: 1-10
  • Funding: € 1,000,000
  • Funding rounds: 2
  • Number of investors: 1 (Founders Future)

You can find their website here.

16) Kaodim Group

Kaodim Group

Kaodim is an online service marketplace that assists our consumers in locating and hiring qualified service providers.

Details of the startup:

  • Country: Malaysia
  • State: Selangor
  • City: Selangor
  • Started in: 2014
  • Founders: Fui Yu Choong, Jeffri Cheong
  • Number of employees: 101-250
  • Funding: $11,550,000
  • Funding rounds: 3
  • Number of investors: 7 (East Ventures, 500 Startups, BEENEXT, Square Peg Capital, Susquehanna International Group (SIG))

You can find their website here.

17) Delhivery

Delhivery

Delhivery is a supply chain management firm that specializes in transportation, warehousing, freight, and order fulfillment.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2011
  • Founders: Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, Suraj Saharan
  • Number of employees: 5001-10000
  • Funding: $1,236,569,361
  • Funding rounds: 11
  • Number of investors: 13 (SoftBank, GIC, The Carlyle Group, Tiger Global Management, Canada Pension Plan Investment Board)

You can find their website here.

18) Rivigo

Rivigo

Rivigo is a transportation service company with a technology-enabled logistics platform.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2014
  • Founders: Deepak Garg, Gazal Kalra
  • Number of employees: 1001-5000
  • Funding: $268,701,257
  • Funding rounds: 11
  • Number of investors: 6 (Warburg Pincus, InnoVen Capital, SAIF Partners, Trifecta Capital Advisors, Trifecta Capital)

You can find their website here.

19) Cogoport

Cogoport

Cogoport is a platform that provides spot pricing and a bidding mechanism for freight buyers in the freight buying sector.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2016
  • Founders: Anurag Dabral, Harsh Kumar, Kunal Rathod, Shekhar Purnendu
  • Number of employees: 251-500
  • Funding: $6,950,000
  • Funding rounds: 4
  • Number of investors: 2 (Accel, InnoVen Capital)

You can find their website here.

20) Inceptio Technology

Inceptio Technology

Inceptio Technology is a firm that creates self-driving trucks and logistics networks.

Details of the startup:

  • Country: China
  • State: Jiangxi
  • City: Shangai
  • Started in: 2018
  • Founders: Julian Ma
  • Number of employees: 101-250
  • Funding: $220,000,000
  • Funding rounds: 2
  • Number of investors: 4 (G7, NIO Capital, Contemporary Amperex Technology, GLP)

You can find their website here.

21) YH Global

YH Global

Transport distribution, international freight forwarding, and commerce logistics are all services provided by YH Global.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 1997
  • Founders: Zhang Quan
  • Number of employees: 51-100
  • Funding: $182,000,000
  • Funding rounds: 1
  • Number of investors: 5 (Yonghua Capital, Stone Capital, Grandland Group, HNF, Tangrong Capital)

You can find their website here.

22) AllSome

AllSome

AllSome is a parcel tracking system that offers online retailers e-commerce fulfillment and logistic solutions.

Details of the startup:

  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 2017
  • Founders: Yi Ying Ng, YiShu Liu
  • Number of employees: 1-10
  • Funding: $2,090,000
  • Funding rounds: 3
  • Number of investors: 5 (SOSV, 500 Startups, Y Combinator, East Ventures, Chinaccelerator)

You can find their website here.

23) Convoy

Convoy

Convoy is the most efficient digital freight network in the country.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2015
  • Founders: Dan Lewis, Grant Goodale
  • Number of employees: 501-1000
  • Funding: $665,500,000
  • Funding rounds: 8
  • Number of investors: 45 (Jeff Bezos, T. Rowe Price, Y Combinator, G Squared, Greylock)

You can find their website here.

24) project44

project44

For shippers and third-party logistics companies, project44 offers an advanced supply chain visibility platform.

Details of the startup:

  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2014
  • Founders: Jett McCandless, Wally Ibrahim
  • Number of employees: 251-500
  • Funding: $397,500,000
  • Funding rounds: 7
  • Number of investors: 18 (Lineage Logistics, Insight Partners, Sapphire Ventures, Emergence, 8VC)

You can find their website here.

25) FreightWaves

FreightWaves

FreightWaves is a data and content forum that provides near-real-time statistics to market participants.

Details of the startup:

  • Country: United States
  • State: Tennessee
  • City: Chattanooga
  • Started in: 2016
  • Founders: Craig Fuller
  • Number of employees: 101-250
  • Funding: $92,400,000
  • Funding rounds: 8
  • Number of investors: 19 (Apple, 8VC, Revolution’s Rise of the Rest Seed Fund, Hearst Ventures, Revolution)

You can find their website here.

26) Flock Freight

Flock Freight

Less-than-truckload (LTL) shippers can share trailer space in a full truckload with Flock Freight's algorithmic pooling system.

Details of the startup:

  • Country: United States
  • State: California
  • City: Solana Beach
  • Started in: 2015
  • Founders: Oren Zaslansky
  • Number of employees: 101-250
  • Funding: $184,000,000
  • Funding rounds: 6
  • Number of investors: 10 (SoftBank Vision Fund, Foundation Capital, GV, SignalFire, TenOneTen Ventures)

You can find their website here.

27) BluJay Solutions

BluJay Solutions

LSPs, freight forwarders, and other businesses use BluJay Solutions' logistics and transportation software and services.

Details of the startup:

  • Country: United States
  • State: Michigan
  • City: Holland
  • Started in: 1972
  • Number of employees: 501-1000
  • Funding: $500,000,000
  • Funding rounds: 2
  • Number of investors: 3 (Temasek Holdings, TPG, BlueBay Asset Management)

You can find their website here.

28) Logixboard

Logixboard

Logixboard is a customer interaction tool that assists businesses in managing and controlling their freight operations.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2016
  • Founders: Juan Alvarez, Julian Alvarez
  • Number of employees: 11-50
  • Funding: $18,750,000
  • Funding rounds: 3
  • Number of investors: 10 (Techstars, Redpoint, Liquid 2 Ventures, F-Prime Capital, Social Leverage)

You can find their website here.

29) Stord

Stord

Brands looking for inventory visibility and control can use Stord's cloud supply chain services.

Details of the startup:

  • Country: United States
  • State: Georgia
  • City: Atlanta
  • Started in: 2015
  • Founders: Jacob Boudreau, Sean Henry
  • Number of employees: 101-250
  • Funding: $125,189,990
  • Funding rounds: 4
  • Number of investors: 18 (Founders Fund, Salesforce Ventures, Lineage Logistics, BoxGroup, B Capital Group)

You can find their website here.

30) NEXT Trucking

NEXT Trucking

Shippers can connect with freight capacity across drayage, transload, and OTR using NEXT's proprietary technology and digital freight marketplace.

Details of the startup:

  • Country: United States
  • State: California
  • City: El Segundo
  • Started in: 2015
  • Founders: Elton Chung, Lidia Yan
  • Number of employees: 101-250
  • Funding: $124,260,000
  • Funding rounds: 5
  • Number of investors: 9 (Sequoia Capital, GLP, Shea Ventures, Mucker Capital, Brookfield Technology Partners)

You can find their website here.

31) Flexport

Flexport

Flexport is a full-service global freight forwarder and logistics platform that uses cutting-edge tools to improve global trade customer experience.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Ryan Petersen, Susanne Schöneberg
  • Number of employees: 1001-5000
  • Funding: $1,304,000,000
  • Funding rounds: 11
  • Number of investors: 72 (SoftBank Vision Fund, FundersClub, Founders Fund, DST Global, First Round Capital)

You can find their website here.

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