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Home»Technology
Technology

Freight network logistics startup, GoodShip, founded by former Convoy employees, secures $8M in funding

May 16, 2024No Comments3 Mins Read
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GoodShip, a software platform that assists companies in managing their shipping logistics data, recently secured an $8 million Series A round led by Bessemer Venture Partners. The funding will enable the company to enhance its services and cater to more customers. Some of their current customers include KBX Logistics, Kellanova, Mark Anthony Services, and Simmons Foods, who rely on GoodShip for managing their finance and analytics needs related to shipping goods nationally.

Despite being fully remote, GoodShip’s team is well-distributed, with CEO Ryan Soskin based in Nashville and CTO David Tsai in Seattle. Both Soskin and Tsai have previous experience working at Seattle trucking startup Convoy before launching GoodShip. Additionally, almost half of the company’s team is situated in Seattle, with many of them being veterans of Convoy as well. This combination of remote work and concentrated expertise has allowed GoodShip to effectively serve its diverse customer base.

In addition to Bessemer Venture Partners, other investors in GoodShip include Seattle-area firms Fuse and Cercano Management, as well as Ironspring Ventures, Chicago Ventures, 53 Stations, and various angel investors. The support of these investors reflects the confidence in GoodShip’s innovative software platform and its potential for future growth and success in the industry.

With the newly secured funding, GoodShip is poised to expand its reach and capabilities, allowing more companies to benefit from its software platform. By providing a solution for managing shipping logistics data, GoodShip helps businesses streamline their operations and improve efficiency in shipping goods across the country. This can result in significant cost savings and enhanced decision-making for companies in various industries.

The success of GoodShip highlights the growing demand for advanced technology solutions in the logistics and shipping industry. As companies continue to look for ways to optimize their operations and improve their bottom line, platforms like GoodShip play a crucial role in providing the necessary tools and insights. By leveraging data analytics and automation, GoodShip helps businesses make better-informed decisions and stay competitive in the rapidly changing marketplace.

Overall, GoodShip’s recent Series A round marks a significant milestone for the company and reinforces its position as a leading provider of shipping logistics software. With the backing of reputable investors and a strong team of industry professionals, GoodShip is well-positioned to capitalize on the growing demand for their services and drive continued innovation in the logistics industry. By helping companies better manage their shipping logistics data, GoodShip is empowering businesses to achieve greater efficiency and profitability in their operations.

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