Investment in logistics startups

57 startups that will boom in 2019, according to VCs

Who's getting the money, and what's proving to be of interest to corporate venturers like Volvo? Below are some transportation and logistics startups that have received substantial corporate backing:. Founded inthe company aggregates tools for global freight forwarding in a single dashboard accessed via the cloud. Services include handling customs and tariffs. GV, formerly known as Google Ventures, was involved in the first round of funding and remains an investor. Billed as bridging "the last mile between retailers and customers," Deliv offers crowdsourced, same-day delivery of purchases from e-commerce businesses and local shops. Corporates seem to love the idea: no other company on this list has as much backing from CVCs. Roadie is a crowdsourcing service that matches drivers headed to a destination with shippers who need to send goods to the same locale. Cargomatic is a matching service like Roadie, but for handling bigger and more sophisticated loads. Truckers with space to spare and shippers with goods to move connect via Cargomatic's smartphone app. The company also handles paperwork, screening, logistics and payments, which are made within 30 days of delivery. The KeepTruckin web application connects drivers, vehicles and fleet managers to keep an ongoing log of trucking activity, which is required under the new electronic logging device ELD mandate. Federal regulators published a full list of electronic tracking requirements in December GV got in on the action in the company's July seed round. Serving storage entrepreneurs in both New York and San Francisco, Boxbee's software computes the sophisticated logistics required to make "on-demand pickup and delivery [of items to be archived] efficient and profitable at scale," the company says on its webpage. Among corporate backers, GV is once again the lone wolf having participated in both the seed May and Series A April funding rounds. Founded in by Jeremy Bodenhamer and Aaron Freeman, Shiphawk is billed as an all-in-one software platform that's easy to automate and includes tools for analyzing the most and least profitable methods for shipping goods. Manatt Venture Fund joined the list of ShipHawk's backers at that point. Founded in by entrepreneurs Ivan Tsybaev and Viktor Radchenko, Trucker Path's apps help truckers improve profits by enabling drivers to share data about fuel and weigh stations, routes, parking and stops. Trucker Path also help connect available trucks with freight jobs, and offers a freight factoring service to get cash into drivers' hands faster. Specifically, Trucker Path buys loads at a discounted rate and the assumes the risk of collecting full payment from the shipper. When full payment is collected, Trucker Path pockets the difference. This German startup has introduced technology that tags cargo with unique tracking IDs so shippers can follow freight in real time from the web or from purpose-built mobile apps for couriers. Leveraging each courier's smartphone and built-in GPS systems allows for secure and accurate tracking from anywhere in the world. As a startup in the first cohort of RocketSpace's Logistics Tech Accelerator, CargoSteps was able to work directly with founding member Kaleido Logistics on pilot testing a new technology solution for a large retail client. Within just four months of the start of the accelerator, the two companies realized true business value of the technology and have now formed the joint venture 'Freight Intelligence'. This game-changing technology is generating new revenue streams for both companies and is already transforming the global logistics industry. Most of the companies profiled above are still early enough in their development that corporate follow-ons are still to come. And they will come. Corporates that have a lot of cash and a lot to gain by disrupting the trajectory of traditional logistics will want a piece of the Next Big Idea for moving goods faster. Want to stay ahead of the disruption? This pilot-focused accelerator program brings together multiple corporations and startups to fuel new innovation in the logistics industry. Interested in more reads like this? Subscribe to our Corporate Innovation Blog! Special Offer. Download the Corporate Innovation Playbook to see the changes corporations must make to reshape their industries in the future! Europe - London. Startup Services Corporate Programs.

List: The most promising startups in logistics

Traditionally, there have been few technology startups in the logistics sector, which relies heavily on capital-intensive assets like ships, trucks, and airplanes. Technological innovations, however, are dramatically shaping global business and the transport and logistics industry should not be left behind. Recent statistics show record levels of investment in logistics-focused technology startups duringwhich implies a heightened demand for the freight forwarding segment to modernize. There is growing pressure for supply chains to be better, faster, and more connected, which has resulted in more technology startups focused on solving logistics-related problems. Freight forwarders play a key role in global trade, with deliveries made via trains, planes, ships and trucks. The industry, however, often relies on outdated technology like telephones or emailed spreadsheets. On the 3rd of May, all startup teams will pitch their business ideas to competent judges and investors. All the technology we need to modernize the logistics industry — from hardware to software — is already there. Somebody just needs to find a way to combine it. Now it is time for creative minds to create sustainable, innovative solutions to existing logistics problems. We believe that joining business with science is the best and fastest way to bring about a technological revolution in the supply chain industry. Brave ideas are a recipe for great changes. Poor fuel economy can be caused by many factors such as an old fleet, a lack of maintenance scheduling, or cheap spare parts. So young entrepreneurs are about to solve the major logistics challenges. Share this story! This website uses cookies. By proceeding, you agree to our Privacy Policy and Rules for processing and protection of personal data.

Meet the 6 startups that aim to disrupt logistics sector using technology

As the global environment rapidly changes, supply chains too are changing to reflect rising risks and shifts in demand. Thanks to technology, new companies are entering the space changing the traditional ways we manage and think of fulfillment, delivery, transportation and more. CEO and Co-Founder of FreightHub, the digital freight forwarder, Ferry Heilemann, is a noted entrepreneur who has been actively involved within venture capital firm, Earlybirdsupporting companies in the digital sector. Ferry: CB Insights recently published a study indicating that sinceover 8 billion USD has been invested in the logistics space across almost deals. In close to 6 billion USD is forecasted to be invested in deals. Ferry: The Logistics market overall is one of the biggest industries and is making the world go round — without logistics we would both be sitting here naked! Most business models in the logistics industry are managed in an old fashioned way and have a very low degree of digitization, like freight forwarding. Many areas of logistics are fragmented and offline which leaves a lot of room for digitization and consolidation and therefore a lot of potential for new entrants that are bringing in a totally new perspective. In addition, pricing is often not transparent for the customer all of which is not suitable for the 21 st century. In addition to that they need to reduce costs, get more value out of less resources and waste less energy. Ferry: The Market is complex and there are not many people from the digital scene who are willing or able to tackle the really big and complex topics such as freight forwarding. Generally speaking, the margins are low at the moment and the pressure on all players is high. The carrier market is a very personal contact driven business and consolidation will continue in — therefore it will be difficult to enter the market without access to the market makers. At the same time the market setting is good for disruption and the industry will always continue to exist — goods will also be moved in 50 years. Ferry: Digital players will certainly bring more cost transparency into the market which is favorable for the customers but will be objected by the existing players. Transparency will certainly reduce the dependency on personal contacts, but it will be a process that evolves over years if not decades. I do not expect a sudden change in the industry. Ferry: First, select the market you want to enter very carefully: Are there very strong players, is it possible to gain momentum as a new entrant, is it a red or a blue ocean? Second, compile a best in class complimentary team that can cover all of the needed expertise for your business idea. Then, start talking to investors at a very early stage to find out if your idea will be fundable or if the market is willing to invest. Finally, be extremely persistent and work hard but also be reflective at the same time to lead and guide your company to success! We thank Ferry for taking time to share his thoughts on the market. To sum up, investments are being made in the supply chain market to provide efficiency, transparency, speed and more. Movinga in der Strategieberatung und im IT-Sektor gearbeitet. Your email address will not be published. This is an impressive interview to logistics practitioners and proffesionals. Keep up with the transformation of the industry to digital, no easy task. Sign in. Test now!

Reefknot Investments To Invest In Tech-Based Logistics Startups

According to the All India Motor Transport Congress, there are close to 12 million trucks in India and about 90 percent of them belong to single-truck owners — small entrepreneurs — in small towns. This is what makes it difficult to integrate technology into their lives. InIndia's logistics and supply chain sector has witnessed two big moves by the government - Goods and Services Tax GST implementation and giving infrastructure status to the sector. The steps are aimed at organising the unstructured logistics sector and open doors for more investment. India spends around Considering the booming potential of the industry, several new-age companies have entered the logistics industry to replace traditional methods with efficient solutions using technology. FreightBro: Leveraging the power of technology, Chennai-based FreightBro enables freight forwarders to make data-driven decisions, predict changes in the market and provide better value to shippers. The transporters essentially need demand and B2B clients need trucks. BlackBuck provides these trucks to these businesses. Clients request for trucks based on the size, timing, and other shipment specifics. With rate index, live pricing and a three-step booking feature, Trukky aims to bring in more ease and transparency in the trucking ecosystem. Rivigo: The company provides high-quality services across major industry verticals such as e-commerce, FMCG, auto, pharma and the cold-chain space. With a large network of company-owned trucks, Rivigo offers line-haul solutions, and claims to lower transit time by percent compared to typical operators. LOBB provides an app for the agent and the trucker. The agents have all the truckers on the platform, and when the orders appear for the transporter from the brand, they will select the agent and the trucker offering the lowest trip sheet. According to EY, close to a billion dollars has gone into technology-led logistics companies, but, unfortunately, all of them are still hankering after customer acquisitions. Of the about logistics startups in the country, only 20 companies have been able to raise large rounds of money. According to YourStory research, logistics only had 28 deals inand deal sizes were smaller than in Companies like Rivigo and BlackBuck have raised large sums of capital. Both companies are eyeing to expand their service portfolio. How has the coronavirus outbreak disrupted your life? And how are you dealing with it? Write to us or send us a video with subject line 'Coronavirus Disruption' to editorial yourstory. By Libza Mannan. Share on. Trending Now Trending Stories. Coronavirus: How Locale. AI is helping startups optimise their operations during this pandemic. How Indian startups, investors, governments have come together to fight coronavirus. Govt may soon announce second stimulus package worth over Rs 1 lakh crore: Report. Daily Capsule. Read Here. Latest Updates from around the world. Coronavirus halted startup plans of these MBBS batchmates, so they decided to fight it. Coronavirus updates for April 9. Blockchain startup KoineArth tells how supply chains can emerge from coronavirus disruption. Our Partner Events Hustle across India.

SoftBank is leading a $1 billion investment in logistics start-up Flexport

The investment firm is set up in Singapore and will focus on investing in startups raising their Series A and B rounds. Some of its portfolio services include seafreight, airfreight, contract logistics, and overland business. According to Crunchbase, the logistics platform has acquired 17 companies so far. Temasek Holdings, owned by the Singapore Government, has invested in numerous startups across telecommunications, financial services, real estate, life sciences, among many others. Temasek focuses on investing in startups that use bleeding-edge technology to meet the growing consumer demand. Reefknot Investments will get on board as a strategic investor to offer business and technical insights to its portfolio companies. In addition to offering its expertise, the investment firm will also provide connections industry-leading partners spread across different domains. Dragon further stated that the combination of explosive global technology and growth in emerging economies had driven the companies across global value chains to re-evaluate their business models. The investment firm will set up a think tank to help startups create an innovative and stable supply chain, business models. Reefknot Investments has planned to invest in 6 to 8 startups that use emerging tech such as AI, trade finance, and digital logistics to meet market demands. Your rate 3 stars is recorded. StartupWorld is the destination to learn about new and upcoming startups making waves on the web. Being an entrepreneur is as much hard work as it is fun. No one knows it better than you do. Share your story, send it in and let us showcase it to the world. Share on FB Share on Twitter. About Author. StartupWorld Staff StartupWorld is the destination to learn about new and upcoming startups making waves on the web.

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