GoodShip Secures $8M Series A Led by Bessemer Venture Partners to Scale Freight Orchestration and Procurement Platform
May 16 2024 - 12:00PM
Business Wire
The funding builds on a $5M seed round in 2023 and recent
launches of an AI-powered RFP scenario builder and industry-first
collaboration capabilities.
GoodShip, the all-in-one platform for freight network
orchestration and procurement, today announced an $8M Series A
funding round led by Bessemer Venture Partners. The round brings
GoodShip’s total funding to $15.4M and includes continued
investment from Ironspring Ventures, Chicago Ventures, FUSE VC, and
Cercano Management, with new participation from 53 Stations, Andrew
Silver, Nichole Wischoff, and other angels. The investment will be
used to expand the team, accelerate feature development, and
support a growing roster of customers that includes many of the
nation’s largest shippers.
“Bessemer’s deep industry expertise and longstanding success in
vertical SaaS make them the ideal partner for our next phase of
growth,” said Ryan Soskin, co-founder and CEO of GoodShip. “Their
original Supply Chain Software Roadmap had an outsized impact in
shaping how we think about GoodShip, and our visions for the future
of transportation technology are tightly aligned.”
Major enterprises like KBX Logistics, a Koch company, and
Kellanova (formerly Kellogg Company), Mark Anthony Services, and
Simmons Foods are among the latest sophisticated shippers to adopt
GoodShip to drive further innovation in their transportation
networks.
“We have been tracking GoodShip for two years and have been
blown away by the team’s deep expertise, the quality of their tech,
and the pace at which they found product-market fit with major
enterprise shippers,” said Bessemer Partner, Mike Droesch.
“GoodShip fits squarely into our thesis on supply chain
digitization, and we are incredibly bullish on their ability to
build an enduring business and drive immense value for their
customers.”
GoodShip supercharges any shipper TMS with a comprehensive suite
of features designed to optimize spend and service outcomes. A
robust recommendation engine surfaces critical performance
insights, and users can take corrective action directly within
GoodShip. In-app messaging and tagging transfers vital
conversations out of email and creates a centralized inbox grounded
in data, while the platform’s purpose-built procurement workflow
and AI-powered award optimizer dramatically boosts bid execution
efficiency and fosters more durable carrier contracts.
“GoodShip is a combination of the finance and analytics tool we
were looking for and the freight orchestration tool we didn’t know
we needed,” said Matt Rose, Senior Director of Transportation at
Kellanova. “The Kellanova team is extremely excited to partner with
GoodShip to improve data visibility; leading to cost savings and
stronger overall performance.”
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Press Contact: Paige LaNasa, Head of Marketing pr@goodship.io +1
469 708 8307
To Schedule a Demo: Nick Boston, VP of Sales
nick.boston@goodship.io