uShip Raises $18M to Transform the Shipping Industry
Austin-based shipping and transportation marketplace uShip has secured \(18 million in Series C funding led by Kleiner Perkins Caufield & Byers (KPCB). This latest investment brings the company's total funding to \)28 million, with previous rounds backed by Benchmark Capital and DAG Ventures.
Disrupting Traditional Shipping Models
uShip is modernizing the freight and logistics industry by digitizing the booking process. Their innovative platform enables:
- Transparent Pricing: Consumers and businesses can compare upfront quotes
- Flexible Options: Users can name their price or receive auction-style bids
- Verified Providers: Access to thousands of customer-reviewed transportation services
The marketplace serves a diverse range of shipping needs, from household goods to commercial freight, connecting customers with providers ranging from independent operators to major carriers.
Global Reach and Business Solutions
With localized sites across 18 countries on five continents, uShip has established a significant international presence. The company is currently expanding its operations in:
- Brazil
- Latin America
- Other key global markets
Their recently launched uShip PRO platform caters to the $300 billion U.S. truckload freight market, offering businesses tools to:
- Build custom carrier networks
- Automate shipping operations
- Streamline logistics management
Growth Metrics and Future Plans
According to CEO and founder Matt Chasen, uShip has already served:
- 1.6 million shipping customers
- 325,000 registered carriers
The company projects $100 million in gross shipping volume sales, with expectations for significant growth. Funding will be allocated to:
- Enhancing the PRO platform
- Developing mobile applications
- Expanding global marketing efforts
- Improving sales infrastructure
Media Spotlight and Industry Impact
uShip’s innovative model has gained mainstream attention through A&E’s Shipping Wars, a reality series featuring the platform. The show has consistently ranked among cable’s top 10 programs, drawing 2-3 million viewers per episode.
By digitizing traditionally offline processes, uShip is positioning itself as a leader in the evolving logistics technology sector, with plans to continue transforming how goods are transported worldwide.
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