Top 13 Freight Service Unicorns in 2024
Updated:
January 22, 2024
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The Freight Service industry is filled with successful companies that have raised millions of dollars in VC funding that came from some of the top investors in the world.
Many of these successes have turned into unicorns — private companies worth over $1 billion.
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If you want to build the next unicorn in the Freight Service space, these 13 companies should be your inspiration.
13 Freight Service Unicorns Companies
Sheet
1,190 Unicorns
Information about their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.
1) J&T Express
J&T Express is an E-Commerce Freight Forwarding and Expedited Service provider of international shipping services for businesses and individuals.
Details of the startup:
Valuation: $20.00B (April 2021)
Country: Indonesia
City: Jakarta
Started in: 2015
Founders: Jet Lee, Tony Chen
Number of employees: 10,000+
Funding: $4,653.00M
Funding rounds: 4
Number of investors: 6
You can find their website here.
2) Flexport
Flexport is a low-cost, full-service global freight forwarder and logistics platform that reduces friction in international trade.
Details of the startup:
Valuation: $8.00B (April 2018)
Country: United States
State: California
City: San Francisco
Started in: 2013
Founders: Ryan Petersen
Number of employees: 1,000-5,000
Funding: $2,598.75M
Funding rounds: 17
Number of investors: 79
You can find their website here.
3) Convoy
Convoy is a real-time, demand-based digital freight network to bring efficiency and transparency between shippers and carriers.
Details of the startup:
Valuation: $3.80B (September 2018)
Country: United States
State: Washington
City: Seattle
Started in: 2015
Founders: Dan Lewis, Grant Goodale
Number of employees: 500-1,000
Funding: $675.46M
Funding rounds: 10
Number of investors: 47
You can find their website here.
4) Project44
Project44 is a logistics technology company that provides a visibility solution to span the entire shipment workflow.
Details of the startup:
Valuation: $2.62B (June 2021)
Country: United States
State: Illinois
City: Chicago
Started in: 2014
Founders: Jett McCandless, Wally Ibrahim
Number of employees: 500-1,000
Funding: $928.80M
Funding rounds: 8
Number of investors: 22
You can find their website here.
5) Forto
Forto is an online platform for freight forwarding.
Details of the startup:
Valuation: $2.10B (June 2021)
Country: Germany
City: Berlin
Started in: 2016
Founders: Erik Muttersbach, Fabian Heilemann, Ferry Heilemann, Michael Wax
Number of employees: 500-1,000
Funding: $365.83M
Funding rounds: 5
Number of investors: 15
You can find their website here.
6) YunQuNa
YunQuNa is an online portal that offers logistics trading and services on a global scale.
Details of the startup:
Valuation: $1.50B (June 2021)
Country: China
State: Shanghai
City: Shanghai
Started in: 2015
Founders: Shihao Zhou
Number of employees: 250-500
Funding: $185.52M
Funding rounds: 8
Number of investors: 7
You can find their website here.
7) STORD
Stord provides cloud supply chain services to brands who seek visibility and control over their inventory.
Details of the startup:
Valuation: $1.30B (September 2021)
Country: United States
State: Georgia
City: Atlanta
Started in: 2015
Founders: Jacob Boudreau, Sean Henry
Number of employees: 500-1,000
Funding: $201.04M
Funding rounds: 5
Number of investors: 24
You can find their website here.
8) Flock Freight
Flock Freight uses algorithmic pooling technology to allow less-than-truckload shippers to share trailer space in one full truckload.
Details of the startup:
Valuation: $1.30B (October 2021)
Country: United States
State: California
City: Encinitas
Started in: 2015
Founders: Oren Zaslansky
Number of employees: 250-500
Funding: $399.70M
Funding rounds: 7
Number of investors: 13
You can find their website here.
9) Nowports
Nowports is a digital freight forwarder that helps businesses automate their supply chain processes.
Details of the startup:
Valuation: $1.10B (May 2022)
Country: Mexico
State: Nuevo Leon
City: Monterrey
Started in: 2018
Founders: Alfonso De los Rios, Maximiliano Casal
Number of employees: 501-1000
Funding: $242.60M
Funding rounds: 6
Number of investors: 25
You can find their website here.
10) Sennder
sennder is a digital freight-forwarding company that empowers commercial shippers to get their goods where they need to go, faster.
Details of the startup:
Valuation: $1.10B (January 2021)
Country: Germany
City: Berlin
Started in: 2015
Founders: David Nothacker, Julius Koehler, Nicolaus Schefenacker
Number of employees: 500-1,000
Funding: $310.02M
Funding rounds: 9
Number of investors: 20
You can find their website here.
11) Rivigo
Rivigo, a technology enabled logistics platform provider, helps customers move goods from origins to destinations with efficiency and reliability.
Details of the startup:
Valuation: $1.07B (July 2019)
Country: India
City: Gurgaon
Started in: 2014
Founders: Deepak Garg, Gazal Kalra
Number of employees: 1,000-5,000
Funding: $319.89M
Funding rounds: 11
Number of investors: 7
You can find their website here.
12) YH Global
YH Global provides comprehensive transport distribution solutions that enable cost savings, faster turnaround times, and improved efficiency. They have a full service logistics company that integrates all modes of transportation including air, sea, road, and rail to transport your goods worldwide.
Details of the startup:
Valuation: $1.00B (September 2017)
Country: China
State: Guangdong
City: Shenzhen
Started in: 1997
Founders: Zhang Quan
Number of employees: 50-100
Funding: $182.05M
Funding rounds: 1
Number of investors: 5
You can find their website here.
13) Flash Express
Flash Express is a logistics and transportation company that operates a door-to-door pickup and delivery service.
Details of the startup:
Valuation: $1.00B (February 2021)
Country: Thailand
City: Bangkok
Started in: 2017
Founders: Di Weijie, Komsan Lee
Number of employees: 10,000+
Funding: $360.00M
Funding rounds: 3
Number of investors: 10
You can find their website here.