What is uShip?
uShip operates as a dynamic online marketplace that connects individuals and businesses with transporters for a wide array of shipping needs, including vehicles, household goods, freight, heavy equipment, and even pets. The company's global presence spans key markets such as the European Union, Germany, the United Kingdom, the United States, Canada, and Australia, providing localized functionality to cater to diverse regional demands. By facilitating competitive bidding among carriers, uShip aims to reduce the stress and cost associated with moving unconventional or large items.
How much funding has uShip raised?
uShip has raised a total of $53.7M across 6 funding rounds:
Series B
$5M
Private Equity
$2M
Series C
$18.3M
Private Equity
$1.4M
Series D
$25M
Debt
$2M
Series B (2006): $5M with participation from DAG Ventures and Benchmark
Private Equity (2011): $2M, investors not publicly disclosed
Series C (2012): $18.3M supported by Kleiner Perkins Caufield & Byers
Private Equity (2013): $1.4M featuring Benchmark Capital and Kleiner Perkins
Series D (2017): $25M backed by DAG Ventures, Kleiner Perkins Caufield Byers, DB Schenker, and Benchmark Capital
Debt (2020): $2M with participation from PPP
Key Investors in uShip
Kleiner Perkins Caufield & Byers
Kleiner Perkins is a Menlo Park-based venture capital firm that raises dedicated funds and invests in early and growth-stage technology and life science companies, backing founders across consumer, enterprise, healthcare, and climate/hard tech with capital and operational support from seed through IPO or acquisition.
DAG Ventures
DAG Ventures is a mid-stage venture capital partnership that focuses on supporting visionary entrepreneurs and the elite early-stage VCs who back them. The firm emphasizes a service-oriented mindset, aiming for speed, consistency, and simplicity in its operations.
DB Schenker
DB Schenker is a global logistics and transportation company specializing in freight services, supply chain management, and integrated logistics solutions. Founded in 1947, the company provides land transport, air and ocean freight services across international markets.
What's next for uShip?
With its recent strategic investment and a history of significant capital raises, uShip is poised for continued innovation and market penetration. The company's focus on expanding its global reach and enhancing its platform's capabilities suggests a strategic push towards solidifying its leadership in the peer-to-peer logistics and freight market. Future developments may include further technological integrations to streamline the shipping process, expand service verticals, and optimize carrier networks, all aimed at capitalizing on the growing demand for flexible and cost-effective shipping solutions.
See full uShip company page
