Uber Freight

Uber Freight

About Uber Freight

Simplify's Rating
Why Uber Freight is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Automotive & Transportation

Enterprise Software

Company Size

5,001-10,000

Company Stage

Series A

Total Funding

$486.4M

Headquarters

Chicago, Illinois

Founded

2017

Overview

Simplify Jobs

Simplify's Take

What believers are saying

  • Acquisition of Transplace increases Uber Freight's market share and operational efficiency.
  • Investment from Abu Dhabi Growth Fund indicates confidence in Uber Freight's growth.
  • Focus on core businesses post-autonomous division sale strengthens Uber Freight's resources.

What critics are saying

  • Competition from digital freight startups like Convoy and Loadsmart is intensifying.
  • Rising fuel costs are impacting freight operations' profitability.
  • Driver shortages could affect Uber Freight's service reliability.

What makes Uber Freight unique

  • Uber Freight's acquisition of Transplace enhances its logistics technology leadership.
  • Strong financial backing from major investors boosts Uber Freight's growth potential.
  • Integration of Transplace's technology with Uber Freight's network offers innovative supply chain solutions.

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Funding

Total Funding

$486.4M

Above

Industry Average

Funded Over

1 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Above Average

Industry standards

$15M
$8.2M
Discord
$15M
Canva
$100M
GitHub
$500M
Uber Freight

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Parental Leave

Short- and Long-Term Disability Coverage

Life Insurance

Financial and Mental Wellness Benefits

Performance Bonus

Company Equity

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%
Uber
Dec 23rd, 2022
Uber Freight Completes Acquisition of Transplace

The combination of trusted services and technology solutions will reduce friction across the supply chain and enable a new era of logistics management. Uber Freight, a subsidiary of Uber Technologies, Inc. (NYSE: UBER), today announced that it has completed the acquisition of Transplace from TPG Capital for approximately $2.25 billion in an all-cash transaction. As partial financing for this transaction, Abu Dhabi Growth Fund (ADG), D1 Capital, and GCM Grosvenor invested $550 million in Uber Freight. The transaction brings together Uber Freight’s vast network of digitally-enabled carriers with Transplace’s trusted shipper technology and operational solutions, ultimately creating one of the world’s leading logistics technology platforms to meet the rapidly evolving needs of shippers and carriers alike. “Logistics is going through a historic transformation. Unprecedented volatility, increasing supply chain complexities, and escalating shipping costs are driving shippers to modernize

Emerce
Dec 8th, 2020
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MobileSyrup
Dec 6th, 2020
Uber launches in Halifax with restrictions amid pandemic

Uber Canada has announced its services are now available in Halifax, Nova Scotia as of December 3rd.

ITKey Media
Dec 4th, 2020
Bolt – Europe’s Hottest Unicorn isn’t Letting COVID Hold Them Back

I feel like it’s fair to say that transporting object A to destination B has been one of the fundamental problems of humanity since the very beginning.

Sapo
Dec 1st, 2020
Em 2021 “queremos passar de Eats para distribuir tudo”, diz o novo general manager da Uber Eats

À frente da Uber Eats em Portugal, Diogo Aires Conceição quer diversificar oferta e área de entregas em 2021. Vendas via Uber Eats cresceram 160% no primeiro semestre deste ano.

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