Gofreight Raises $28M To Become The “Shopify Of Freight Forwarding”

Nov 14, 2022•about 3 years ago

Amount Raised

$28 Million

Los AngelesFintechE Commerce

Investors

Red Building CapitalCornerstone VenturesMucker CapitalPalm Drive CapitalLfx Venture PartnersFlex Capital And Headline

Description

Unicorn Flexport is revolutionizing the world of logistics, serving as a freight forwarder with software that enables customers to manage their shipments. But there are still thousands of smaller freight forwarders, many running on outdated ERP software or spreadsheets. A startup called GoFreight wants to help them compete by providing the “Shopify of freight forwarding,” with backend software that makes their operations run more smoothly, and a frontend that lets them set up a storefront and provide quotes in a few minutes.

Company Information

Company

GoFreight

Location

Los Angeles, California, United States

About

GoFreight is the #1 cloud-based, all-in-one, software for the global freight forwarding industry. It simplifies the complexities of running all aspects of a freight forwarding business into a single platform, including shipment booking, forwarding operations, security filings, real-time visibility, customer-facing applications, accounting, and payment processing. GoFreight has helped numerous freight forwarders increase their revenue by 98%, profit by 178%, and saved 34% fines per shipment on average.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends