GoodShip

GoodShip

Digital platform for logistics management

About GoodShip

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

Industries

Data & Analytics

Automotive & Transportation

Company Size

11-50

Company Stage

Series A

Total Funding

$22.8M

Headquarters

Nashville, Tennessee

Founded

2022

Overview

GoodShip is a digital platform that helps businesses manage their logistics and transportation needs through tools for analytics, carrier management, and procurement. It supports various transportation modes and operates on a subscription model, providing insights from consolidated data to help companies make informed shipping decisions. A unique feature is its collaborative carrier management system, which offers carriers detailed insights to improve their bidding and service. GoodShip aims to optimize logistics processes, enhance collaboration, and drive cost savings for its users.

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Simplify's Take

What believers are saying

  • GoodShip secured $8M Series A funding to expand its team and features.
  • The AI-powered scenario builder reduces reliance on spreadsheets, improving efficiency.
  • Partnership with Princeton TMX enhances GoodShip's Transportation Management System capabilities.

What critics are saying

  • Increased competition from Seattle-based logistics startups like Freightmate and Auger.
  • The 'Convoy Mafia' phenomenon may lead to innovation pressure on GoodShip.
  • Flexport's re-launched platform could increase competition in the digital trucking marketplace.

What makes GoodShip unique

  • GoodShip offers a cloud-based platform automating labor-intensive procurement processes.
  • The platform provides real-time analytics and AI-powered insights for supply chain agility.
  • GoodShip supports multiple transportation modes, enhancing versatility for diverse shipping needs.

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Funding

Total Funding

$22.8M

Above

Industry Average

Funded Over

3 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
Below Average

Industry standards

$15M
$8M
GoodShip
$8.2M
Discord
$15M
Canva
$30M
Kalshi

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-3%

2 year growth

3%
GeekWire
Dec 4th, 2024
A List Of Logistics Startups In Seattle, A ‘World-Class’ Hub For Supply Chain Software Talent

The Seattle waterfront and Port of Seattle properties, with a container ship and West Seattle in the background. (GeekWire Photo / Taylor Soper)Buoyed by longtime logistics giants such as Amazon and the rapid rise of trucking startup Convoy, the Seattle region has emerged as a major epicenter for supply chain software innovation.There are at least 15 startups in the Seattle area (listed below) that develop logistics software to help companies move and manage physical goods.The supply chain talent pool in Seattle has a unique blend of “technical skill and customer focus required to win in today’s economy,” said Jason Murray, a former Amazon vice president and co-founder of Seattle-based shipping logistics startup Shipium.That talent can be traced back to global corporations in Seattle such as Starbucks, Costco, Expeditors, and Amazon.The city has an abundance of “supply chain awareness,” said Dan Lewis, co-founder and former CEO of Convoy, a one-time darling of Seattle’s startup scene that raised investment from the likes of Jeff Bezos and Bill Gates. The digital trucking marketplace was valued at more than $3 billion before shutting down in 2023 and selling its assets to Flexport, which re-launched the platform this year and has a Seattle-area satellite office.The supply chain crisis during the pandemic, along with advances in mobile, AI, and other software-related technologies, has driven interest and funding to logistics startups, Lewis said. Lewis and his co-founder Grant Goodale cut their teeth at Amazon before launching Convoy in 2015.Other Amazon leaders have taken the startup leap into logistics in Seattle, including Dave Clark, the former Amazon Worldwide Consumer CEO who just raised $100 million for Auger, a supply chain tech startup.An Amazon electric van in Seattle. (GeekWire Photo / Kurt Schlosser)Clark, who was recently based in Dallas, returned to the Seattle area to launch Auger.“I think some of the best talent in the world for this particular problem space lives in Seattle,” he told GeekWire in October.Bryan Lacaillade is another former Amazonian now leading a Seattle-area logistics startup, launching Freightmate earlier this year.“Seattle’s logistics tech ecosystem is truly world-class and was the primary reason we chose to launch Freightmate here,” said Lacaillade, who previously worked at Flexport.Mo Afshar, CEO of Pipe17, a Seattle e-commerce operations startup, said the physical proximity to Amazon gives his company an advantage.“Amazon has defined a lot of what logistics means in the modern world, so being in the same city really makes a difference,” he said. Seattle has built a reputation around the country as a hub for logistics tech talent

Business Wire
Oct 17th, 2024
GoodShip Launches Premier TMS Partnership with Princeton TMX

GoodShip launches premier TMS partnership with Princeton TMX.

Teknovation
May 19th, 2024
News & Notes | It’S Time For The “Co.Mobility Summit”

From Chattanooga: The second annual CO.MOBILITY Summit begins later today with a reception and continues through Wednesday. Organized by The Company Lab, the event will feature several keynote speakers and... The post News Notes | Its time for the CO.MOBILITY Summit appeared first on Teknovation.biz.

Business Wire
May 16th, 2024
GoodShip Secures $8M Series A Led by Bessemer Venture Partners to Scale Freight Orchestration and Procurement Platform

"The Kellanova team is extremely excited to partner with GoodShip to improve data visibility; leading to cost savings and stronger overall performance."

Business Wire
May 16th, 2024
Goodship Secures $8M Series A Led By Bessemer Venture Partners To Scale Freight Orchestration And Procurement Platform

NASHVILLE, Tenn.--(BUSINESS WIRE)--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

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