The freight service industry includes 13 unicorn startups focused on logistics and supply chain management. Flexport leads the pack with an $8 billion valuation.
The group is global, with companies from the United States, China, Germany, and Mexico. Newer entrants like Didi Freight, founded in 2020, have quickly reached a $3 billion valuation.
Below is the full list of 13 Freight Service unicorn startups at this time.
Top 10 Most Valuable Freight Service Unicorns
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Get the Sheet for $50Flexport provides a full-service logistics platform that uses modern software to simplify global trade. They help companies manage their entire supply chain through a single dashboard, offering everything from freight forwarding to customs brokerage.
| Valuation | $8B (Joined April 2018) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | David Petersen, Ryan Petersen |
| Funding Amount | $2.7B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | BoxGroup, Founders Fund, FPV Ventures, Y Combinator, Andreessen Horowitz |
project44 operates an end-to-end visibility platform that serves as the connective tissue for modern supply chains. Their technology gives shippers and logistics providers real-time data to track shipments across every mode of transportation.
| Valuation | $3B (Joined June 2021) |
| Headquarters | Chicago, Illinois, United States |
| Year Founded | 2014 |
| Founders | Jett McCandless, Wally Ibrahim |
| Funding Amount | $942.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Sapphire Ventures, Insight Partners, Emergence Capital, TPG, Thoma Bravo |
Didi Freight offers an on-demand service for moving goods and cargo within a single city. They are known for providing affordable and insured shipping by connecting users to a wide range of vehicles in Didi's logistics network.
| Valuation | $3B |
| Headquarters | Beijing, Beijing, China |
| Year Founded | 2020 |
| Founders | Will Wei Cheng |
| Funding Amount | $1.5B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series A |
| Top Investors | VMS Asset Management, Didi, Hidden Hill Capital, IDG Capital, Temasek Holdings |
Forto builds a digital freight forwarding platform to help companies manage their global supply chains. Their technology provides end-to-end visibility and control over sea, air, and rail shipments, from booking to final delivery.
| Valuation | $2.1B (Joined June 2021) |
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 2016 |
| Founders | Erik Muttersbach, Fabian Heilemann, Ferry Heilemann, Michael Wax |
| Funding Amount | $593.4M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | G Squared, Global Founders Capital, Northzone, Cherry Ventures, IRIS |
Stord operates a commerce enablement platform that integrates software with a physical logistics network for brands. They help companies manage their entire supply chain, from warehousing and fulfillment to shipping, across multiple sales channels.
| Valuation | $2B (Joined September 2021) |
| Headquarters | Atlanta, Georgia, United States |
| Year Founded | 2015 |
| Founders | Jacob Boudreau, Sean Henry |
| Funding Amount | $525M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series E |
| Top Investors | Lux Capital, B Capital, Franklin Templeton, Bond, BoxGroup |
Flash Express built a door-to-door logistics network for pickup and delivery services. They specialize in supporting e-commerce businesses with fast and reliable courier and freight transportation.
| Valuation | $2B |
| Headquarters | Bangkok, Krung Thep, Thailand |
| Year Founded | 2017 |
| Founders | Di Weijie, Komsan Lee |
| Funding Amount | $781M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series F |
| Top Investors | SCB 10X, Cloud Angel Fund, Krungsri Finnovate, TCP Capital, Gaorong Capital |
Flock Freight built a freight brokerage platform that specializes in shared truckload shipping. Their technology pools partial shipments from different companies into one truck, creating a more efficient and environmentally friendly shipping option.
| Valuation | $1.3B (Joined October 2021) |
| Headquarters | Encinitas, California, United States |
| Year Founded | 2015 |
| Founders | Oren Zaslansky |
| Funding Amount | $459M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Alphabet, Foundation Capital, SignalFire, GV, Bracket Capital |
Nowports automates the supply chain for Latin American companies with its digital freight forwarding platform. They offer a transparent service that centralizes international trade processes, from cargo tracking and booking to customs and financing.
| Valuation | $1.1B (Joined May 2022) |
| Headquarters | Monterrey, Nuevo Leon, Mexico |
| Year Founded | 2018 |
| Founders | Alfonso De los Rios, Maximiliano Casal |
| Funding Amount | $242.6M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Y Combinator, Base10 Partners, Endeavor Catalyst, Foundation Capital, Tiger Global Management |
Sennder operates a digital freight-forwarding platform that connects large commercial shippers with small freight carriers. They focus on digitizing the European road logistics market, making full truckload shipping more efficient and transparent.
| Valuation | $1.1B (Joined January 2021) |
| Headquarters | Berlin, Berlin, Germany |
| Year Founded | 2015 |
| Founders | David Nothacker, Julius Koehler, Nicolaus Schefenacker |
| Funding Amount | $340M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | Dynamo, Lakestar, HV Capital, Earlybird Venture Capital, Accel |
Rivigo operates a technology-enabled logistics platform that provides a full range of transport and freight services. Their system is designed to make shipping more reliable and efficient through a data-driven approach to managing their network.
| Valuation | $1B |
| Headquarters | Gurgaon, Haryana, India |
| Year Founded | 2014 |
| Founders | Deepak Garg, Gazal Kalra |
| Funding Amount | $287M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series H |
| Top Investors | SAIF Partners, Trifecta Capital Advisors, Elevation Capital, Warburg Pincus, InnoVen Capital |
The Remaining 3 Freight Service Unicorns
The ten most valuable companies are only part of the picture for freight services. Around the world, other founders are building strong companies and finding new ways to ship goods.
This next group of companies shows the global reach of this growth, with startups from China to Brazil raising a combined total of over $800 million. Here is a closer look at the other unicorn startups making an impact.