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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 13 Freight Service Unicorns in 2024

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The Freight Service industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.

Many of these successes have turned into unicorns — private companies worth over $1 billion.

If you want to build the next unicorn in the Freight Service space, these 13 companies should be your inspiration.

13 Freight Service Unicorns Companies

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2,189 Accelerators & Incubators

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1) J&T Express

J&T Express

J&T Express is an E-Commerce Freight Forwarding and Expedited Service provider of international shipping services for businesses and individuals.

Details of the startup:

  • Valuation: $20.00B (April 2021)
  • Country: Indonesia
  • City: Jakarta
  • Started in: 2015
  • Founders: Jet Lee, Tony Chen
  • Number of employees: 10,000+
  • Funding: $4,653.00M
  • Funding rounds: 4
  • Number of investors: 6

You can find their website here.

2) Flexport

Flexport

Flexport is a low-cost, full-service global freight forwarder and logistics platform that reduces friction in international trade.

Details of the startup:

  • Valuation: $8.00B (April 2018)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2013
  • Founders: Ryan Petersen
  • Number of employees: 1,000-5,000
  • Funding: $2,598.75M
  • Funding rounds: 17
  • Number of investors: 79

You can find their website here.

3) Convoy

Convoy

Convoy is a real-time, demand-based digital freight network to bring efficiency and transparency between shippers and carriers.

Details of the startup:

  • Valuation: $3.80B (September 2018)
  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2015
  • Founders: Dan Lewis, Grant Goodale
  • Number of employees: 500-1,000
  • Funding: $675.46M
  • Funding rounds: 10
  • Number of investors: 47

You can find their website here.

4) Project44

Project44

Project44 is a logistics technology company that provides a visibility solution to span the entire shipment workflow.

Details of the startup:

  • Valuation: $2.62B (June 2021)
  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2014
  • Founders: Jett McCandless, Wally Ibrahim
  • Number of employees: 500-1,000
  • Funding: $928.80M
  • Funding rounds: 8
  • Number of investors: 22

You can find their website here.

5) Forto

Forto

Forto is an online platform for freight forwarding.

Details of the startup:

  • Valuation: $2.10B (June 2021)
  • Country: Germany
  • City: Berlin
  • Started in: 2016
  • Founders: Erik Muttersbach, Fabian Heilemann, Ferry Heilemann, Michael Wax
  • Number of employees: 500-1,000
  • Funding: $365.83M
  • Funding rounds: 5
  • Number of investors: 15

You can find their website here.

6) YunQuNa

YunQuNa

YunQuNa is an online portal that offers logistics trading and services on a global scale.

Details of the startup:

  • Valuation: $1.50B (June 2021)
  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Shihao Zhou
  • Number of employees: 250-500
  • Funding: $185.52M
  • Funding rounds: 8
  • Number of investors: 7

You can find their website here.

7) STORD

STORD

Stord provides cloud supply chain services to brands who seek visibility and control over their inventory.

Details of the startup:

  • Valuation: $1.30B (September 2021)
  • Country: United States
  • State: Georgia
  • City: Atlanta
  • Started in: 2015
  • Founders: Jacob Boudreau, Sean Henry
  • Number of employees: 500-1,000
  • Funding: $201.04M
  • Funding rounds: 5
  • Number of investors: 24

You can find their website here.

8) Flock Freight

Flock Freight

Flock Freight uses algorithmic pooling technology to allow less-than-truckload shippers to share trailer space in one full truckload.

Details of the startup:

  • Valuation: $1.30B (October 2021)
  • Country: United States
  • State: California
  • City: Encinitas
  • Started in: 2015
  • Founders: Oren Zaslansky
  • Number of employees: 250-500
  • Funding: $399.70M
  • Funding rounds: 7
  • Number of investors: 13

You can find their website here.

9) Nowports

Nowports

Nowports is a digital freight forwarder that helps businesses automate their supply chain processes.

Details of the startup:

  • Valuation: $1.10B (May 2022)
  • Country: Mexico
  • State: Nuevo Leon
  • City: Monterrey
  • Started in: 2018
  • Founders: Alfonso De los Rios, Maximiliano Casal
  • Number of employees: 501-1000
  • Funding: $242.60M
  • Funding rounds: 6
  • Number of investors: 25

You can find their website here.

10) Sennder

Sennder

sennder is a digital freight-forwarding company that empowers commercial shippers to get their goods where they need to go, faster.

Details of the startup:

  • Valuation: $1.10B (January 2021)
  • Country: Germany
  • City: Berlin
  • Started in: 2015
  • Founders: David Nothacker, Julius Koehler, Nicolaus Schefenacker
  • Number of employees: 500-1,000
  • Funding: $310.02M
  • Funding rounds: 9
  • Number of investors: 20

You can find their website here.

11) Rivigo

Rivigo

Rivigo, a technology enabled logistics platform provider, helps customers move goods from origins to destinations with efficiency and reliability.

Details of the startup:

  • Valuation: $1.07B (July 2019)
  • Country: India
  • City: Gurgaon
  • Started in: 2014
  • Founders: Deepak Garg, Gazal Kalra
  • Number of employees: 1,000-5,000
  • Funding: $319.89M
  • Funding rounds: 11
  • Number of investors: 7

You can find their website here.

12) YH Global

YH Global

YH Global provides comprehensive transport distribution solutions that enable cost savings, faster turnaround times, and improved efficiency. They have a full service logistics company that integrates all modes of transportation including air, sea, road, and rail to transport your goods worldwide.

Details of the startup:

  • Valuation: $1.00B (September 2017)
  • Country: China
  • State: Guangdong
  • City: Shenzhen
  • Started in: 1997
  • Founders: Zhang Quan
  • Number of employees: 50-100
  • Funding: $182.05M
  • Funding rounds: 1
  • Number of investors: 5

You can find their website here.

13) Flash Express

Flash Express

Flash Express is a logistics and transportation company that operates a door-to-door pickup and delivery service.

Details of the startup:

  • Valuation: $1.00B (February 2021)
  • Country: Thailand
  • City: Bangkok
  • Started in: 2017
  • Founders: Di Weijie, Komsan Lee
  • Number of employees: 10,000+
  • Funding: $360.00M
  • Funding rounds: 3
  • Number of investors: 10

You can find their website here.

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