GoodShip, a Nashville, TN-based cloud-based collaboration platform automating the manual tasks of procurement, carrier scorecarding, and reporting, ultimately promoting supply chain stability, came out of stealth and announced $2.4 million in funding.
The round was led by FUSE, with participation from Cercano Management, Flexport Fund, Innovation Endeavors, Sope Creek Capital, and Kindergarten Ventures. Founders and CEOs of several industry unicorns, including Convoy, Stord, Project44, and more also participated.
GoodShip will use the funding to bolster hiring efforts and accelerate the development of its analytics and procurement products with insights and collaboration from early shipper and carrier design partners.
“We built GoodShip in response to the ongoing supply chain turmoil that has dominated headlines recently. Shippers are aggressively seeking ways to increase resilience in their transportation networks but lack the technology to course-correct quickly when contracts break down,” said Ryan Soskin, CEO and Co-Founder of GoodShip. “By contextualizing data from carrier contracts with performance data from the shipper’s TMS (transportation management system) and real-time pricing data for shipping lanes throughout North America, GoodShip makes it easy for shippers to make well-informed, data-driven decisions about who they contract with while maintaining performance and pricing alignment in real-time.”
The company, founded by leaders from industry powerhouses including Convoy, Stord, and Amazon, recently launched with a limited group of shipping partners who are already leveraging the product to improve efficiency and resilience in middle-mile logistics.
Company: GoodShip
Raised: $2.4M
Round: Unknown
Funding Month: October 2022
Lead Investors: FUSE
Additional Investors: Cercano Management, Flexport Fund, Innovation Endeavors, Sope Creek Capital, and Kindergarten Ventures
Company Website: https://goodship.io/
Software Category: Neutral Technology platform
About the Company: GoodShip is a neutral technology platform that facilitates stronger relationships and a better contract experience for shippers and their carrier partners. GoodShip is how shippers and carriers digitally procure, measure, and optimize contract business more easily and accurately than ever before. Backed by many of the biggest names in technology and freight, GoodShip puts procurement on cruise control and allows stakeholders to stay in the know and take action fast with AI-powered insights, automated reports, carrier scorecards, and more. The platform serves as an extension of existing systems, seamlessly plugging into any shipper's TMS for multiplayer collaboration between shippers and carriers.
Source: https://www.businesswire.com/news/home/20221031005139/en/GoodShip-Raises-2.4M-to-Digitize-Contract-Freight-and-Promote-Supply-Chain-Resilience