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13 Freight Service Startups that Became Unicorns

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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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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:

    $20.00

    B (

    April 2021

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2015

  • Founders:

    Jet Lee, Tony Chen

  • Industries:

    Courier Service, E-Commerce, Freight Service

  • Number of employees:

    10,000+

  • Funding Amount:

    $4,653.00M

  • Number of funding rounds:

    4

  • Number of investors:

    6

here

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:

    $3.20

    B (

    April 2018

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2013

  • Founders:

    Ryan Petersen

  • Industries:

    Freight Service, Logistics, Shipping, Supply Chain Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $2,598.75M

  • Number of funding rounds:

    17

  • Number of investors:

    79

here

Delhivery

Delhivery

Delhivery is a modern logistics service provider that develops customized supply chain solutions for enterprises.

Details of the startup:

  • Valuation:

    $3.00

    B (

    February 2019

    )

  • Country:

    India

  • City:

    Gurgaon

  • Started in:

    2011

  • Founders:

    Bhavesh Manglani, Kapil Bharati, Mohit Tandon, Sahil Barua, Suraj Saharan

  • Industries:

    E-Commerce, Freight Service, Logistics, Shipping, Supply Chain Management

  • Number of employees:

    10,000+

  • Funding Amount:

    $1,361.40M

  • Number of funding rounds:

    13

  • Number of investors:

    15

here

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:

    $2.75

    B (

    September 2018

    )

  • Country:

    United States

  • City:

    Seattle

  • Started in:

    2015

  • Founders:

    Dan Lewis, Grant Goodale

  • Industries:

    Freight Service, Logistics, Service Industry, Supply Chain Management, Transportation

  • Number of employees:

    500-1,000

  • Funding Amount:

    $675.46M

  • Number of funding rounds:

    10

  • Number of investors:

    47

here

Project44

Project44

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

Details of the startup:

  • Valuation:

    $2.62

    B (

    June 2021

    )

  • Country:

    United States

  • City:

    Chicago

  • Started in:

    2014

  • Founders:

    Jett McCandless, Wally Ibrahim

  • Industries:

    Enterprise Software, Freight Service, SaaS, Supply Chain Management

  • Number of employees:

    500-1,000

  • Funding Amount:

    $928.80M

  • Number of funding rounds:

    8

  • Number of investors:

    22

here

YunQuNa

YunQuNa

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

Details of the startup:

  • Valuation:

    $1.50

    B (

    June 2021

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Shihao Zhou

  • Industries:

    E-Commerce, Freight Service, Insurance, Internet, Logistics, Shipping, Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    $185.52M

  • Number of funding rounds:

    8

  • Number of investors:

    7

here

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:

    $1.30

    B (

    October 2021

    )

  • Country:

    United States

  • City:

    Encinitas

  • Started in:

    2015

  • Founders:

    Oren Zaslansky

  • Industries:

    Freight Service, Logistics, Shipping, Software, Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    $399.70M

  • Number of funding rounds:

    7

  • Number of investors:

    13

here

Forto

Forto

Forto is an online platform for freight forwarding.

Details of the startup:

  • Valuation:

    $1.20

    B (

    June 2021

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2016

  • Founders:

    Erik Muttersbach, Fabian Heilemann, Ferry Heilemann, Michael Wax

  • Industries:

    Freight Service, Logistics, Shipping, Software, Supply Chain Management

  • Number of employees:

    500-1,000

  • Funding Amount:

    $365.83M

  • Number of funding rounds:

    5

  • Number of investors:

    15

here

STORD

STORD

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

Details of the startup:

  • Valuation:

    $1.13

    B (

    September 2021

    )

  • Country:

    United States

  • City:

    Atlanta

  • Started in:

    2015

  • Founders:

    Jacob Boudreau, Sean Henry

  • Industries:

    Freight Service, Logistics, SaaS, Software, Supply Chain Management, Warehousing

  • Number of employees:

    500-1,000

  • Funding Amount:

    $201.04M

  • Number of funding rounds:

    5

  • Number of investors:

    24

here

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:

    $1.10

    B (

    January 2021

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2015

  • Founders:

    David Nothacker, Julius Koehler, Nicolaus Schefenacker

  • Industries:

    Freight Service, Industrial Automation, Logistics, Shipping, Supply Chain Management

  • Number of employees:

    500-1,000

  • Funding Amount:

    $310.02M

  • Number of funding rounds:

    9

  • Number of investors:

    20

here

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:

    $1.07

    B (

    July 2019

    )

  • Country:

    India

  • City:

    Gurgaon

  • Started in:

    2014

  • Founders:

    Deepak Garg, Gazal Kalra

  • Industries:

    Automotive, Freight Service, Logistics, Shipping, Software, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $319.89M

  • Number of funding rounds:

    11

  • Number of investors:

    7

here

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:

    $1.00

    B (

    February 2021

    )

  • Country:

    Thailand

  • City:

    Bangkok

  • Started in:

    2017

  • Founders:

    Di Weijie, Komsan Lee

  • Industries:

    Courier Service, Delivery Service, E-Commerce, Freight Service, Logistics, Transportation

  • Number of employees:

    10,000+

  • Funding Amount:

    $360.00M

  • Number of funding rounds:

    3

  • Number of investors:

    10

here

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:

    $1.00

    B (

    September 2017

    )

  • Country:

    China

  • City:

    Shenzhen

  • Started in:

    1997

  • Founders:

    Zhang Quan

  • Industries:

    Automotive, Freight Service, Logistics, Supply Chain Management, Transportation

  • Number of employees:

    50-100

  • Funding Amount:

    $182.05M

  • Number of funding rounds:

    1

  • Number of investors:

    5

here
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